If the nominal exchange rate between the American dollar and the New Zealand dollar is 1.36 New Zealand dollars per American dollar, how many American dollars are required to buy a product that costs 3.50 New Zealand dollars?
A) 2.14 B) 2.24 C) 2.57 D) 4.76
Question 2
Suppose the government spending multiplier is 2. The federal government cuts spending by 40 billion. What is the change in GDP if the price level is not held constant?
A) a decrease of more than 80 billion
B) an increase of less than 80 billion
C) an increase equal to 80 billion
D) an increase of greater than 80 billion
E) a decrease of less than 80 billion
A male American redstart, Setophaga ruticilla.
The American clipper ship, Red Jacket, off Cape Horn, sails from Australia to Liverpool, England, in
Angry jeers from whites rain down on Elizabeth Eckford, one of the first African American students ...
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Three polar bears investigate an American submarine that surfaced in ice-covered Arctic waters.