Refer to the graph below. An increase in the supply of yen will result in:
Assume that Japan and the United States are engaged in a system of flexible exchange rates.
A. An appreciation of the yen
B. An appreciation of the U.S. dollar
C. A depreciation of the U.S. dollar
D. An increase in the dollar price of yen
B. An appreciation of the U.S. dollar
You might also like to view...
All of the following will shift the consumption function EXCEPT
A) a change in income. B) a change in wealth. C) a change in the rate of interest. D) a change in expectations concerning economic conditions.
Which of the following statements is true?
a. Nominal GDP = (price index ? real GDP) ? 100 b. Nominal GDP = (real GDP ? price index) ? 100 c. Real GDP = (price index ? nominal GDP) ? 100 d. Real GDP = (nominal GDP ? price index) ? 100 e. Price index = (real GDP ? nominal GDP) ? 100
The Federal Reserve's long standing tools includes
A. changing the reserve ratio. B. labor regulations. C. government spending policies. D. tax rate changes.
When the price rises and the supply curve does not shift, the firms' producer surplus ________. When the price falls and the supply curve does not shift, the firms' producer surplus ________
A) increases; decreases B) decreases; increases C) decreases; decreases D) increases; increases E) does not change; does not change