If on Tuesday you can buy 125 yen per U.S. dollar and on Wednesday you can buy 120 yen per U.S. dollar,
a. both the U.S. dollar and the yen have appreciated.
b. both the U.S. dollar and the yen have depreciated.
c. the U.S. dollar has appreciated and the yen has depreciated.
d. the U.S. dollar has depreciated and the yen has appreciated.
D
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Recessions are periods of:
A) leftward shifts in labor supply. B) rightward shifts in labor supply. C) rightward shifts in labor demand. D) leftward shifts in labor demand.
Explain the basic macroeconomic policy trilemma for open economies
What will be an ideal response?
The best measure of net investment is
A. Gross investment per capita. B. Real GDP growth rate. C. Gross investment less depreciation. D. Real GDP per worker.
If all of the following examples are elastic, which one will most likely have an increase of revenue?
a. The price of shower curtains rises. b. The price of cell phones falls. c. The price of raspberries remains constant. d. The quantity supplied of skin moisturizer remains constant.