An increase in U.S. real interest rates causes the dollar to _________________, which tends to __________________ U.S. Real GDP
A) appreciate; raise
B) appreciate; lower
C) depreciate; raise
D) depreciate; lower
B
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What are the 5 steps generally used by economists to develop a model?
What will be an ideal response?
An informal definition of a recession is at least ________ consecutive quarters of declining real GDP.
A. eight B. two C. four D. six
. It is possible to, in effect, buy insurance against the proposed adverse effect of currency fluctuations by buying currencies ______.
a. for immediate use b. in U.S. dollars c. on the spot market d. in the futures market
Which of the following categories accounted for the largest percentage of total federal government expenditures in recent years?
A. income security B. national defense C. education and health D. interest on the national debt