A decrease in the supply of dollars on the foreign exchange market, all else equal, will result in:
A) appreciation of the U.S. dollar and depreciation of the foreign currency.
B) appreciation of the U.S. dollar and appreciation of the foreign currency.
C) depreciation of the U.S. dollar and depreciation of the foreign currency.
D) depreciation of the U.S. dollar and appreciation of the foreign currency.
A
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The single currency project in the EU will be most successful if European labor is relatively
A) immobile. B) immobile and business cycles are not synchronized. C) mobile and business cycles are synchronized. D) mobile and business cycles are not synchronized. E) mobile.
If the income elasticity of demand for a good is negative, then the good must be an inferior good
a. True b. False Indicate whether the statement is true or false
Expansionary policies are government stabilization policies intended to increase:
A. unemployment. B. population. C. planned spending. D. average labor productivity.
An increase in the quantity demanded is shown by
A) a leftward shift of the demand curve. B) a rightward shift of the demand curve. C) a movement down along a demand curve. D) a movement up along a demand curve.