If the Japanese yen depreciates against the U.S. dollar
A) the price of Japanese imports to the United States decreases.
B) the price of United States exports to Japan decreases.
C) the price of Japanese imports from the United States will decrease.
D) there is no change in the price of Japanese exports to the United States.
A
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The rational expectations hypothesis suggests that
A) unanticipated fiscal policy actions are more powerful than monetary policy actions. B) fiscal policy actions only work when accompanied by changes in the money supply. C) anticipated monetary policy actions are more powerful than fiscal policy actions. D) anticipated fiscal and monetary policy actions are not likely to achieve their stated aims.
Which of the following statements is generally true?
A) Rivalry is less the larger the number of firms in an industry. B) The smaller the number of firms in an industry, the greater the rivalry. C) The degree of rivalry in an industry is largely independent of the number of firms. D) The larger the number of firms in an industry, the greater the rivalry.