If interest rates in the United States are higher than interest rates in Europe, what is most likely to happen?
a. Supply of dollars will increase, causing appreciation of the dollar.
b. Supply of euros will increase, causing appreciation of the euro.
c. Demand for dollars will increase causing appreciation of the dollar.
d. Demand for dollars will decrease, causing depreciation of the dollar.
c
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Marginal revenue product can be calculated using the formula marginal product × output price
A) only if the both marginal product of labor and the output price are constant. B) only if the firm has market power in the labor market C) only if output price is constant. D) only if the marginal product of labor is constant.
In 2011, the top 20% of US families had more than times as much income as the bottom 20%
Which of the following does not result in a change in the demand for foreign currency?
A. changes in the interest rate B. changes in income. C. changes in foreign currency supply. D. changes in tastes of foreign consumers.
Preferred Budgets ($ in millions)45678910Number of voters (in thousands)516253022193Table 15.3Table 15.3 shows the preferred budget for a new performance center and the number of voters in a community who prefer that budget. What budget does the median voter prefer?
A. 6 B. 7 C. 8 D. 9