Assume that you have just returned to the United States from a summer vacation in Russia, where you exchanged American dollars for Russian rubles. Your economic actions can be said to have:
a. increased the supply of American dollars in Russia.
b. decreased the supply of Russian rubles in America.
c. decreased the supply of American dollars in Russia.
d. increased the demand for American dollars in America.
e. increased the supply of Russian rubles in Russia.
a
You might also like to view...
If human capital was included in the measurement of wealth, the measurement of wealth would be
A) more equal and more accurate. B) more equal and less accurate. C) less equal and more accurate. D) less equal and less accurate.
What does the GDP gap measure?
A firm is producing 200 units of output at a total cost of $1,000 . The firm's average variable cost equals $4 per unit. Total fixed cost: a. equals $1,000. b. equals $800
c. equals $200. d. equals $2.
Answer the following questions true (T) or false (F)
1. The index of leading economic indicators of business activity is designed to indicate business fluctuations before they occur. 2. The producer price index accounts for changes in the prices of goods and services purchased by consumers. 3. The short run Phillips curve illustrates the relationship between the rate of inflation and the unemployment rate.