When the value of the dollar changes from £0.75 to £0.5, then the British pound has ________ and the U.S. dollar has ________
A) appreciated; appreciated
B) depreciated; appreciated
C) appreciated; depreciated
D) depreciated; depreciated
C
You might also like to view...
All else equal, as the price of a product falls, the quantity supplied increases
Indicate whether the statement is true or false
Banks create money when they make loans
a. True b. False Indicate whether the statement is true or false
In the short run, a firm that produces and sells house paint can adjust
a. where to produce along its long-run average-total-cost curve. b. the size of its factories. c. how many workers to hire. d. All of the above are correct.
A candidate for political office announces the following policies which, she says, economics clearly demonstrates will lead to higher output in the long run: 1 . increase immigration from abroad 2 . make trade more open between the US and other countries
a. 1 and 2 both shift long-run aggregate supply right. b. 1 and 2 both shift long-run aggregate supply left. c. 1 shifts long-run aggregate supply right, 2 shifts long-run aggregate supply left. d. 1 shifts long-run aggregate supply left, 2 shifts long-run aggregate supply right.