If the exchange rate between the U.S. dollar and the Japanese yen were such that one...
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If the exchange rate between the U.S. dollar and the Japanese yen were such that one U.S. dollar equals 100 yen, what would be the price in dollars of a Japanese automobile that cost 2,000,000 yen? $100 $20,000 $120,000 O $2,000,000 A recession is most commonly caused by: an increase in aggregate demand. O a decrease in aggregate demand. an increase in aggregate supply. O a decrease in aggregate supply. Question 31 Along the long-run aggregate supply curve, the level of Real GDP supplied does not change increases decreases slightly O decreases dramatically with increases in the price level. 2 pts D Which of the following are likely to increase investment and as a result, aggregate demand? O decreased demand for investment goods O falling real interest rates O rising real interest rates O increased business taxes Question 33 The long-run aggregate supply relationship refers to: O a time period long enough for the prices of both outputs and inputs to adjust to changes in the economy. O any time period of more than a year. a time period in which input prices can change, but output prices have not had time to adjust. a time period in which output prices can change but input prices have not had time to adjust. 2 pts If the exchange rate between the U.S. dollar and the Japanese yen were such that one U.S. dollar equals 100 yen, what would be the price in dollars of a Japanese automobile that cost 2,000,000 yen? $100 $20,000 $120,000 O $2,000,000 A recession is most commonly caused by: an increase in aggregate demand. O a decrease in aggregate demand. an increase in aggregate supply. O a decrease in aggregate supply. Question 31 Along the long-run aggregate supply curve, the level of Real GDP supplied does not change increases decreases slightly O decreases dramatically with increases in the price level. 2 pts D Which of the following are likely to increase investment and as a result, aggregate demand? O decreased demand for investment goods O falling real interest rates O rising real interest rates O increased business taxes Question 33 The long-run aggregate supply relationship refers to: O a time period long enough for the prices of both outputs and inputs to adjust to changes in the economy. O any time period of more than a year. a time period in which input prices can change, but output prices have not had time to adjust. a time period in which output prices can change but input prices have not had time to adjust. 2 pts
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29 Option B 20000 Explanation when the exchange rate is equal to 100 yen 200000100 20000 30 Optio... View the full answer
Related Book For
Macroeconomics Principles, Applications, and Tools
ISBN: 978-0132555234
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
Posted Date:
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