The interest rate in Canada rises while the interest rate in the United States does not change. The
A) demand curve for Canadian dollars will shift leftward.
B) demand curve for Canadian dollars will shift rightward.
C) demand curve for U.S. dollars will shift rightward.
D) demand curves for both Canadian and U.S. dollars will remain unchanged.
B
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Which of the following has NOT been one of the primary sources of economic growth over the last 200 years?
A) investment in new capital B) resource conservation C) investment in human capital D) discoveries of new technology
Which of the following situations would cause a period of stagflation at a later point in time?
a. a recessionary gap b. a reduction in investment spending c. an increase in technological development d. an inflationary gap
The bond market, the stock market, banks, pension funds, and insurance companies are all financial
a. systems. b. markets. c. institutions. d. intermediaries.
If the federal government decreases its expenditures on goods and services by $10 billion and decreases taxes on personal incomes by $10 billion, which of the following will occur in the short run?
A) The federal budget deficit will increase by $10 billion B) The federal budget deficit will decrease by $10 billion C) Aggregate income will remain the same D) Aggregate income will increase by up to $10 billion E) Aggregate income will decrease by up to $10 billion