The buyers and sellers who trade a particular good or service make up what we call a:

If the yen to dollar exchange rate moves from 105 to 115 yen per dollar, then the dollar has ________ and the yen has ________

A) appreciated; appreciated B) appreciated; depreciated C) depreciated; depreciated D) depreciated; appreciated

If the marginal propensity to consume is 0.9, the government purchases by $100, and net exports decline by $60, the equilibrium level of real gross domestic product will

A) decrease by up to $400 B) increase by up to $400 C) increase by up to $600 D) decrease by up to $1,000 E) increase by up to $1,600