An increase in the U.S. demand for Japanese yen causes
A) an increase in the dollar price of a yen.
B) an increase in the yen price of a dollar.
C) an increase in the demand for U.S. goods.
D) a decrease in the supply of yens.
A
You might also like to view...
The Bank of Techland is the largest bank in Techland. Which of the following is likely to be true if this bank fails?
A) Real interest rates in Techland will fall. B) Labor supply in Techland will fall. C) Real wages in Techland will remain unchanged. D) Techland's output will fall.
Which of the following can be a barrier to entry?
i. ownership of a necessary input ii. requiring a government license iii. large diseconomies of scale A) i only B) ii only C) i and iii D) i and ii E) i, ii, and iii
John spends exactly the same dollar amount on candy bars each week, regardless of their price. John's demand curve for candy bars is
a. upward-sloping b. backward-bending c. perfectly inelastic d. perfectly elastic e. unit elastic
When the economy is operating at a point where aggregate demand equals short-run aggregate supply, it must be true that:
A. aggregate demand also equals long-run aggregate supply. B. the short-run level of output is not the same as long-run potential output. C. prices are higher than expected prices. D. None of these must be true.