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if you don't mind please give steps of solving the question with calculation as well explanation to the others please 40 Avery can make 30

if you don't mind please give steps of solving the question with calculation as well explanation to the others please

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40 Avery can make 30 tacos in a day or 20 43 Which of the following is most likely to burritos in a day, while Jessie can make 20 occur if the international value of the tacos in a day or 10 burritos. Which of the Canadian dollar appreciates relative to the following must be true? Euro? (A) Jessie has an absolute advantage in making (A) Canadian exports to the European Union tacos. will increase (B) Jessie has an absolute advantage in making (B) Canadian imports from the European burritos. Union will decrease (C) Avery has a comparative advantage in (C) The Canadian balance of trade will move making both tacos and burritos. toward a deficit (D) Jessie has a comparative advantage in "D) Exports from the European Union to making tacos. Canada will decrease (E) Jessie has a comparative advantage in (E) Tourists from the European Union visit making burritos. Canada in greater numbers 41 If David's grandfather promises to give him a 44 Given a required reserve ratio of 20 percent crisp, new $100 bill on his twelfth birthday and assuming banks hold no excess reserves, one year from today, which of the following a central bank purchases $1000 of bonds in describes the present value of that money open market operations. What is the received one year from now? maximum change in each of the following? (A) The present value will increase as Demand interest rates increase. Deposits Loans Reserves B) The present value is worth more than (A) $5,000 $4,000 $4,000 $100 received today. (B) $5,000 $5,000 $5,000 C) The present value is the same value as (C) $5,000 $4,000 $1,000 $100 received today. (D) $4,000 $1,000 $1,000 D) The present value is worth less than (E) $4,000 $5,000 $1,000 $100 received today. "E) Interest rate changes will have no effect 45 If a nation's central bank buys government on its present value. securities in the open market what will be the resulting change in that nation's interest rate, 42 Which of the following is illustrated by the the value of the country's currency, and the short-run Phillips curve? change in the nation's exports and imports? (A) Increases in the money supply result in Interest Value of increases in the interest rate Rates the currency Exports Imports (B) There is a trade-off between the (A) Increase Appreciates Increase Increase unemployment rate and the inflation rate (B) Increase Depreciates Increase Decrease (C) The natural rate of unemployment is (C) No Appreciates Decrease Increase constant, and thus not connected with Change fiscal or monetary policy shifts (D) Decrease Depreciates Increase Decrease (D) Decreases in the unemployment rate are (E) Decrease Appreciates Decrease Increase the result of decreases in interest rates (E) Increases in the inflation rate are the result of increases in interest rates

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