1. Which of the following events is MOST likely to cause the Yen to appreciate?

ID: 1126021 • Letter: 1

Question

Select one:

a. If Japanese governments lowered interest rates on its government bonds

b. If fewer European and Americans traveled to Japan because of the cost of fuel

c. If Europe started importing more goods from Japan

d. If more Japanese traveled to the United States

e. If American and European investors expected the Yen to depreciate

2. Which one of these individuals is a part of the eligible population, but NOT part of the labor force?

Select one:

a. A 17 years old who is attending high school and has no time to work

b. A 22 years old who is serving in the U.S. navy

c. A 35 years old who is not working because he is in a mental institution

d. A 45 years old who works as a part-time teacher

e. A 55 self-employed graphic designer

3. The U.S. currently has:

Select one:

a. A current account surplus, but a capital account deficit

b. A current account deficit and a capital account deficit

c. A current account deficit, but a capital account surplus

d. A current account surplus and a capital account surplus

e. Both the current and capital accounts are balanced

4. According to Monetarists, what should the government do if unemployment is 9% and inflation is 0%?

Select one:

a. Decrease the supply of money

b. Lower taxes

c. Increase government spending

d. Lower interest rates

e. Do nothing

1. The correct answer is C.

2. The correct answer is C.

3. The correct answer is C.

4. The correct answer is D.

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