If the exchange rate changes from $1 = 2 euros to $1 = 3 euros:
A. the dollar has appreciated in value.
B. the dollar has depreciated in value.
C. the dollar has neither appreciated nor depreciated, but the euro has appreciated in value.
D. U.S. exports to Europe will increase.
A. the dollar has appreciated in value.
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Economist Michael Kremer found that world growth rates fell as population increased
a. True b. False Indicate whether the statement is true or false
The Board of Governors of the Federal Reserve
A) is made up of seven members. B) is a group of advisers reporting to the President. C) is located in New York City. D) members are appointed to four-year terms by the President and confirmed by the Senate. E) all of the above
During the 19th century, ____ was the mainstream school of economics.
A. classical B. Keynesian C. monetarism D. supply-side
A decrease in real GDP would affect the U.S. economy by:
A. cutting tax revenues and raising government expenditures. B. cutting government expenditures and raising tax revenues. C. raising both tax revenues and government expenditures. D. cutting both government expenditures and tax revenues.