If people become pessimistic about the state of the economy, the consumption function shifts upward. ...

If people become pessimistic about the state of the economy, the consumption function shifts upward.
a. True
b. False
Indicate whether the statement is true or false

QUESTION 2

Less of the federal debt is owned by federal, state, and local governments than is owned by foreigners.
a. True
b. False
Indicate whether the statement is true or false

QUESTION 3

Which of the following changes in the exchange rate represents a depreciation of the dollar?
a. 100 yen = 1 to 110 yen = 1 b. 1 yen = .10 to 1 yen = .08
c. 1 peso = 10 to 1 peso = 11 d. 200 francs = 10 to 250 francs = 10

QUESTION 4

An increase in consumer wealth shifts the consumption function downward.
a. True
b. False
Indicate whether the statement is true or false

QUESTION 5

Internal ownership of the debt refers to the portion of the national debt owned by government agencies.
a. True
b. False
Indicate whether the statement is true or false

QUESTION 6

A depreciation of one's currency means that:
a. the country's exports will become more expensive.
b. it now requires less of this currency in exchange for one unit of another currency.
c. the country's imports will become less expensive.
d. it now requires more of this currency in exchange for one unit of another currency.
e. it now requires more units of other currencies in exchange for one unit of this currency.

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If people become pessimistic about the state of the economy, the consumption function shifts upward. ...

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