Under a flexible exchange rate system, which of the following will be most likely to cause an appreciation in the exchange rate of the dollar relative to the English pound?
a. an economic boom in England, inducing English consumers to buy more American-made automobiles, trucks, and computer products
b. higher real interest rates in England
c. inflation in the United States while prices are stable in England
d. attractive investment opportunities in England, inducing U.S. investors to buy stock in English firms
A
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Comment on the following statement: "A firm's demand for labor can be affected by the availability of other inputs."
What will be an ideal response?
Which of the following is included in M2 but is not included in M1?
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Answer the following statement true (T) or false (F)