6

In the year 2015, tariffs in the United States were much lower than they were in the year 1935.

Group of answer choices

True

False

7

If on Monday you could buy only 105 Japanese for each U.S. dollar but on Tuesday for each dollar you can buy 110 yen instead, then the dollar has appreciated and the yen has depreciated.

Group of answer choices

True

False

8

If the reserve requirement is 5 percent and you deposit $100 in your bank account, this means the bank will have to keep $95 in required reserves.

Group of answer choices

True

False

9

In theory, if all tariffs were removed in the United States in the short run, fewer jobs would be available to U.S. workers in the long run.

Group of answer choices

True

False

10

During the last hundred years, the growth rate of Real GDP in the United States have averaged approximately 10% per year.

Group of answer choices

True

False