If the dollar appreciates, American consumers will buy more foreign goods and services.
Answer the following statement true (T) or false (F)
True
You might also like to view...
When the market value of the dollar falls relative to other currencies around the world, we say that
A) the supply of dollars has decreased. B) the dollar has depreciated. C) the demand for dollars has decreased. D) the dollar has appreciated.
The evolution of the payments system from barter to precious metals, then to fiat money, then to checks can best be understood as a consequence of
A) government regulations designed to improve the efficiency of the payments system. B) government regulations designed to promote the safety of the payments system. C) innovations that reduced the costs of exchanging goods and services. D) competition among firms to make it easier for customers to purchase their products.
Refer to the above figure. At a price of $10, excess quantity supplied equals
A) 0. B) 12. C) 15. D) infinity.
Which of the following would cause the money demand curve to shift to the left?
A. An increase in GDP B. A technological advance, like online shopping C. An increase in interest rates D. Inflation