Everything else the same, if income in Japan rises while income in the U.S. remains unchanged,
a. the supply of dollars in the foreign exchange market will increase.
b. the demand for yen in the foreign exchange market will decrease.
c. the supply of yen in the foreign exchange market will decrease.
d. the demand for dollars in the foreign exchange market will increase.
e. the demand for dollars in the foreign exchange market will decrease.
d. the demand for dollars in the foreign exchange market will increase.
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Economists widely agree that the Consumer Price Index (CPI) understates the true U.S. inflation rate
a. True b. False
Which of the following was not a criticism of the unconventional monetary policy used by the Fed in 2009 and 2010?
A. Tendency toward higher unemployment B. Tendency toward higher inflation C. Usurping authority which should be allocated to Congress D. Determining which banks would be allowed to fail