Refer to the information provided in Figure 23.8 below to answer the question(s) that follow.
Figure 23.8Refer to Figure 23.8. The amount of planned investment decreases if the interest rate
A. remains at 4%.
B. drops from 8% to 4%.
C. remains at 8%.
D. rises from 4% to 8%.
Answer: D
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Refer to the above figure. Suppose E is the original equilibrium. Japanese residents have increased their demand for U.S. goods. This will lead to
A) a depreciation of the yen and an increase in the quantity of yens sold per week. B) a depreciation of the yen and a decrease in the quantity of yens sold per week. C) an appreciation of the yen and an increase in the quantity of yens sold per week. D) an appreciation of the yen and a decrease in the quantity of yens sold per week.
Since 1950, the balance of trade for United States has
A) gone from a surplus to a deficit. B) gone from a deficit to a surplus. C) remained constant. D) gone from a small deficit to a larger deficit.