When the dollar rises relative to other currencies,
A) foreign goods are more expensive in terms of dollars.
B) foreign currency is more expensive in terms of dollars.
C) U.S. goods become more expensive to foreigners.
D) foreign currency is more expensive in the United States, but foreign goods are cheaper.
C
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Refer to Figure 15-10. Compared to a perfectly competitive market, consumer surplus is lower in a monopoly by an amount equal to the
A) area FGE. B) area FHE. C) area P1P2EF. D) area P1P2GF.
The rate of interest charged by the Federal Reserve to member banks for reserves borrowed from the Fed is known as the:
a. federal funds rate. b. discount rate. c. repurchase rate. d. Q-ceiling rate.
If the Fed buys government securities on the open market, the money supply will contract
Indicate whether the statement is true or false
Other things the same, an increase in the price level makes the dollars people hold worth
a. more, so they are willing to spend more. b. more, so they are willing to spend less. c. less, so they are willing to spend more. d. less, so they are willing to spend less.