If the dollar appreciates relative to the Yen, it can be said that
a. Japanese citizens respect the United States more.
b. the dollar increases in value within the United States.
c. the Yen depreciates relative to the dollar.
d. it takes more dollars to buy Yen.
C
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Which one of the following is TRUE about the effects of fiscal policy?
A. An increase in government spending will increase aggregate demand. B. An increase in government spending will reduce aggregate demand. C. A decrease government spending will increase aggregate supply. D. A tax change does not have any direct or indirect effects on aggregate demand.
If a country has a 4 percent annual growth in real Gross Domestic Product (GDP) and a one percent growth in population, its per capita growth of real GDP is
A. 6 percent. B. 0.25 percent. C. 4 percent. D. 3 percent.