Assume the United States has only one trading partner. The U.S. demand curve for foreign currency is drawn while holding constant all of the following factors except one. Which is the exception?
a. incomes of U.S. consumers
b. the exchange rate
c. the expected rate of inflation in the U.S.
d. the foreign prices of foreign goods
e. U.S. interest rates relative to foreign interest rates
B
Economics
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Discretionary fiscal policy works by shifting the aggregate demand curve
a. True b. False Indicate whether the statement is true or false
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An imposition of tax by the government for funding welfare programs raises the cost of labor to firms as:
a. the demand for labor increases. b. the demand for labor decreases. c. the supply of labor decreases. d. the supply of labor increases. e. the opportunity cost of leisure increases.
Economics