For a closed economy, which of the following conditions must be satisfied for equilibrium to be maintained?

Under a flexible exchange rate system, an increase in the value of the U.S. dollar in terms of other currencies is referred to as

A) a depreciation of the U.S. dollar. B) an appreciation of the U.S. dollar. C) a monetizing of the U.S. dollar. D) a devaluation of the U.S. dollar.

Use the following graph Suppose Asarta Inc. is polluting yucko and they have been tasked with cleaning up some of their waste. The company decides to clean up Q tons of yucko-are they cleaning up enough?

A. Yes, because the MB > MC B. No, because the MC > MB C. Yes, because the MC > MB D. No, because the MB > MC