In 1923, Germany experienced a very severe inflation. As prices in Germany rose, the demand in the foreign exchange market for U.S. dollars:
A. fell and the supply of them rose, decreasing their value.
B. rose and the supply of them fell, increasing their value.
C. fell and the supply of them also fell, increasing their value.
D. rose and the supply of them also rose, decreasing their value.
Answer: B
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A farmer who sells September corn futures at the time he plants his corn in May is
A) competing against speculators, who profit from price fluctuations. B) increasing his risk from price fluctuations. C) reducing his risk from price fluctuations. D) reducing or increasing his risk from price fluctuations, depending on what subsequently happens to the price of corn.
What is Joseph Stiglitz' main criticism regarding intellectual property rights protection?
What will be an ideal response?
This table shows individual demand schedules for a market.
According to the table shown, if the price were $0.50, what will total demand by Betty and Barney be?
A. 18
B. 36
C. 75
D. 47
Because of market power, wages are higher under monopsony than under competitive conditions
Indicate whether the statement is true or false