Suppose the foreign exchange market is in equilibrium and that the interest rate in Russia increases. How would the foreign exchange market be affected?
a. The supply of Russian rubles will decrease.
b. The demand for Russian rubles will decrease.
c. The Russian interest rate has no effect on the market.
d. The supply of Russian rubles will increase.
e. The demand for Russian rubles will increase.
E
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In the figure above, the United States ________ helicopters per year
A) exports 480 B) exports 720 C) imports 480 D) imports 240
Explain what the free market will do if exchange rates end up in the "right ranges."
What will be an ideal response?
Joe has broken the mirror of my car. I have legal recourse to sue for damages because of
A) social costs. B) transactions costs. C) common property rights. D) private property rights.
Emocrats often argue in favor of what to push the economy toward economic recovery, as they did during the recession that began in 2008?
A. Tax cuts B. Increase government spending C. Decrease government spending D. Encourage the public to save more