After the United States dropped an atomic bomb on Japan, what do you expect happened to the yen?
a. The yen appreciated.
b. The yen was unaffected.
c. The yen depreciated.
d. There is no way to predict the effect on the yen.
Ans: c. The yen depreciated.
Economics
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If the consumption function is C = 20 + 0.5YD, then an increase in disposable income by $100 will result in an increase in consumer expenditure by
A) $25. B) $70. C) $50. D) $100.
Economics
The largest component of current consumption expenditure is ________, while the most volatile component is ________
A) durable goods, nondurable goods B) durable goods, services C) services, durable goods D) services, nondurable goods E) nondurable goods, services
Economics