Relative to the yen, from 2012-2014 the U.S. dollar
A) depreciated due to an anticipated decrease in the interest rate differential and expectations of a lower future exchange rate.
B) appreciated due to an anticipated decrease in the interest rate differential and expectations of a lower future exchange rate.
C) depreciated due to an anticipated increase in the interest rate differential and expectations of a higher future exchange rate.
D) appreciated due to an anticipated increase in the interest rate differential and expectations of a higher future exchange rate.
D
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An industry in which sales tend to magnify cyclical changes in gross domestic product and national income is called:
A. a cyclical industry. B.a counter-cyclical industry. C. a dismal industry. D. a fluctuating industry
In late 2008, the U.S. government extended unemployment insurance benefits for seven additional weeks, in recognition of the growing unemployment problem. This extension is an example of
A) automatic fiscal policy. B) discretionary fiscal policy. C) expansionary monetary policy. D) supply-side fiscal policy.