The demand for dollars in the foreign exchange market
A. Depends on U.S. demand for foreign goods and services.
B. Depends in part on the foreign demand for U.S. goods.
C. Is represented by a point in a diagram of foreign exchange supply and demand.
D. Is the ratio of the dollars demanded to the amount of foreign currency supplied.
Answer: B
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Rent-seeking behavior results in
a. increased economic activity by promoting efficiency. b. lower economic activity by diverting resource to less-productive uses. c. a more equitable distribution of income and wealth. d. lower prices throughout the economy. e. greater income and wealth in the private sector.
The expenditure multiplier only considers the impact of consumption changes on aggregate expenditures
a. True b. False Indicate whether the statement is true or false