If more foreign tourists visited the United States, this would
A. lower our merchandise trade imbalance.
B. lower our overall trade imbalance.
C. raise our merchandise trade imbalance.
D. raise our overall trade imbalance.
B. lower our overall trade imbalance.
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Japan's currency is called Yen. The value of Japan's income per capita in dollars is high if ________
A) the value of Japan's income per capita in yen is low B) the income per capita of the U.S. is high C) the dollar/yen exchange rate is high D) the dollar/yen exchange rate is low
Given the accelerationist Phillips curve ?? = - 0.7 (U - 5 ) + ?, suppose that inflation has increased from 8 percent to 10 percent. If the unemployment rate is 4 percent, then the price shock is ________
A) 2.7 percent B) 0.6 percent C) 1.3 percent D) 1 percent E) none of the above