In determining the exchange rate between the Canadian dollar and British pound, if Canadian income increases, then
a. the Canadian demand for pounds increases
b. the price of pounds decreases
c. the Canadian demand for pounds decreases
d. the Canadian supply of pounds increases
e. the supply of Canadian dollars decreases
A
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Keynes argued that when interest rates were high relative to some normal value, people would expect bond prices to ________, so the quantity of money demanded would ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
As actual output falls below the potential level in the short run, which of the following is most likely to occur? a. More resources will become unemployed. b. The price level will increase
c. Real GDP will increase. d. Nominal GDP will remain constant. e. The natural rate of unemployment will fall.
Identify the immediate effect of each of the following events on U.S. GDP and its components
a. James receives a Social Security check. b. John buys an Italian sports car. c. Henry buys domestically produced tools for his construction company.
OutputTotal Cost0$24133241348454561669Refer to the above data. The marginal cost of producing the 6 unit of output is:
A. $8. B. $24. C. $16. D. $12.