If the U.S. interest rate rises relative to the interest rate in other countries, then the supply of dollars ________ and the demand for dollars ________
A) does not change; does not change
B) decreases; increases
C) decreases; decreases
D) increases; decreases
E) increases; increases
B
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Figure 5-3
Assume the market consists of three consumers with the demand curves in Figure 5-3. At a price of 1, the total market demand is
A. 40. B. 80. C. 140. D. 150.
Popeye receives a marginal utility of 12 utils for the last can of spinach consumed. If the price of a can of spinach is 50 cents per can, then the marginal utility per dollar spent on the last can of spinach is equal to: a. 6 utils per dollar
b. 12 utils per dollar. c. 18 utils per dollar. d. 24 utils per dollar.
Which of the following events will cause a downward movement along the value of marginal product of labor curve?
a. An increase in wage rate b. An increase in price of the product c. A decrease in wage rate d. A decrease in price of the product
A change in the following, will not result in a change in demand?
(a) Change in the price of a complement. (b) Change in the price of a substitute. (c) Change in the price of the good itself. (d) Change in expected future prices.