(06.03 MC) In recent times, America has experienced an increase in the demand for coffee. About 24% of its coffee beans are being imported from Brazil. What happens when there is increase in the exchange rate of U.S. dollars against the Brazilian currency, the real?

(02.04 HC) Use the table to answer the question that follows. Year Price of X Quantity of X Price of Y Quantity of Y 1 $8 5 $9 7 2 $5 5 $7 7 The economy produced only two goods with the prices and quantities of each good for year 1 and year 2 shown in the table. Which of the following describes the state of the economy in year 2?

(05.01 MC) Assume that an economy is using an expansionary fiscal policy and an expansionary monetary policy. Which of the following is true about the economy’s situation?

(01.06 MC) Use the graph to answer the question that follows.The graph for a competitive output market shows demand shifting from D to D′ and supply shifting from S to S′. Which pair of events is consistent with these two changes?

(03.05 MC) Which of the following is true if the economy is in long run equilibrium?

(02.03 MC) An economy’s natural unemployment rate is 9 percent, its structural unemployment rate is 2 percent, and its cyclical unemployment rate is 3 percent. Based on this data, its frictional unemployment rate is ________, and its actual unemployment rate is ________.

(02.06 MC) Use the data table to answer the question that follows. Year Nominal GDP GDP Deflator 1 $640 billion 160 2 $1050 billion 175 By how much did the value of output, adjusted for inflation, change from Year 1 to Year 2?

(05.01 MC) If the government wishes to reduce unemployment and lower interest rates, which policy combination will be most effective? Assume the banking system operates with limited reserves.

(06.02 MC) Use the graph to answer the question that follows.Which of the following is a consequence of the shift in the demand curve as shown in the graph?

(05.04 MC) Which of the following statements about deficits and debt is true?