If Sabrina exchanges dollars for Japanese yen, she

a. causes the balance of payments to become unbalanced, in the short run
b. engages in arbitrage
c. supplies yen on the foreign exchange market
d. supplies dollars on the foreign exchange market
e. first demands dollars then uses them to buy Japanese goods which can be converted into yen


D

Economics

You might also like to view...

When economies of scale limit the number of firms in an industry to 3, there is a

A) natural monopoly. B) natural oligopoly. C) legal oligopoly. D) legal cartel. E) natural monopolistic competition.

Economics

The economy tends to be less stable with a __________ LM curve causing interest rates to be rather __________ to shifts in the IS curve

A) steeper; sensitive B) steeper; insensitive C) flatter; sensitive D) flatter; insensitive

Economics

GDP is a measure of an economy's:

A. domestic price level. B. domestic productivity. C. level of unemployment. D. total output.

Economics

If you believe that all people are good - you ascribe to this school of thought

a. biological b. cognitive c. structuralism d. humanistic

Economics