If the demand for dollars in the market for foreign-currency exchange shifts right, then the exchange rate
a. rises and the quantity of dollars exchanged rises.
b. rises and the quantity of dollars exchanged does not change.
c. falls and the quantity of dollars exchanged falls.
d. falls and the quantity of dollars exchanged does not change.
b
You might also like to view...
The data in the above table indicate that when the price level is 120
A) firms have unexpectedly low inventories, so prices will rise. B) inventories are at levels planned by firms. C) firms will plan to increase the level of output. D) firms have unexpectedly high inventories, so prices fall.
The substitution of one good for another by consumers:
A. due to price changes is captured by the CPI. B. due to changes in tastes/preferences is captured by the CPI. C. is captured by the CPI. D. is not captured by the CPI.
The rate of capacity utilization is a principal determinant of autonomous investment
Indicate whether the statement is true or false
Forecasts of an inevitable exhaustion of essential natural resources are "simply beside the point" because higher prices
a. reduce quantity demanded. b. stimulate supply. c. stimulate alternative technology. d. All of the above are true.