When the dollar depreciates relative to the pound, the pound price of the dollar
A) increases.
B) decreases.
C) does not change.
D) increases or decreases, depending on the amount of the depreciation.
E) changes in the next period.
B
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In a large open economy, what is the source of the domestic supply of loanable funds?
A. Net capital outflow B. National saving and investment C. National saving D. Investment
The Argentinian crisis of 2001 was brought about by:
A. debt crisis. B. exchange rate crisis. C. excessive loss of national resources. D. None of these statements is true.
The marginal cost of an airline ticket is the total cost of flying the plane divided by the number of passengers
a. True b. False Indicate whether the statement is true or false
According to the law of demand, what happens when prices go down?
a. Demand increases. b. Quantity demanded increases. c. Demand decreases. d. Quantity demanded decreases.