The less foreigners demand U.S. products:
a. the more of their currencies they will supply in exchange for U.S. dollars.
b. the more of their currencies they will demand in exchange for U.S. dollars.
c. the less of their currencies they will supply in exchange for U.S. dollars.
d. the less of their currencies they will demand in exchange for U.S. dollars.
c
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In the above figure, the price received by the seller before the tax is ________ per compact disc, and the price received and kept by the seller after the tax is ________ per compact disc
A) $20; $20 B) $20; $10 C) $30; $20 D) $30; $10
Assume that the economy begins at full employment. Then something happens that brings on a recession. What could that be?
a. a decline in interest rates b. an increase in govt spending c. a decline in corporate tax rates d. an increase in oil prices