Other things being equal, the international value of foreign currencies will increase against the U.S. dollar if:
A. U.S. citizens reduce spending on imports
B. The U.S. Federal Reserve raises real interest rates
C. There is an increase in the number of foreign tourists in the United States
D. There are withdrawals of funds by foreigners from U.S. money markets
D. There are withdrawals of funds by foreigners from U.S. money markets
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Potential GDP is the value of real GDP when ______
A. the unemployment rate equals the natural unemployment rate B. there is no frictional unemployment C. there is no structural unemployment D. the unemployment rate is zero
In the context of consumer choice theory, utility means:
a. usefulness. b. satisfaction. c. practicality. d. boring. e. action.
A sharp movement in exchange rates can most likely lead to dramatic changes in profits and losses for which of the following?
a. an international travel agency b. a provider of domestic services c. a local bank d. a microbrewery
A competitive firm sells 100 units of output for $5 per unit. The firm's marginal revenue amounts to __________
Fill in the blank(s) with correct word