Use the above figure. A leftward shift in the demand curve, ceteris paribus, would result in
A. a euro appreciation.
B. a dollar appreciation.
C. increasing the equilibrium quantity of the euro.
D. a dollar depreciation.
Answer: B
Economics
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Which of the following is not true about a profit-maximizing monopolist?
a. The monopolist faces the downward-sloping market demand curve. b. The monopolist always earns an economic profit. c. The price of output exceeds marginal revenue. d. The monopolist chooses output where marginal revenue equals marginal cost. e. All of these are true.
Economics
How has the severity and duration of business cycles changed over time in the United States?
What will be an ideal response?
Economics