Which of the following will generate a demand for country X's currency in the foreign exchange market?
A. Travel by citizens of country X in other countries.
B. The desire of foreigners to buy stocks and bonds of firms in country X.
C. The imports of country X.
D. Charitable contributions by country X's citizens to citizens of developing nations.
B. The desire of foreigners to buy stocks and bonds of firms in country X.
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Which of the following statements is correct?
a. About 25 percent of the U.S. population earns an income below the poverty line. b. About 50 percent of blacks earn an income below the poverty line. c. Since 1980 the fraction of persons below the poverty level has risen sharply. d. None of these.
Which of the following is not an assumption made by the dynamic model of aggregate demand and aggregate supply?
A) Potential real GDP increases continuously. B) The aggregate demand curve shifts to the right during most periods. C) The short-run aggregate supply curve shifts to the right except during periods when workers and firms expect higher wages. D) Aggregate demand and potential real GDP decrease continuously.