If there is currently a shortage of dollars, which of the following would you expect to see in the foreign exchange market?
A) The dollar will appreciate.
B) There will be an increase in the supply of dollars.
C) There will be an increase in the demand for dollars.
D) The dollar will depreciate.
A
You might also like to view...
According to chapter 1 in your textbook, while economic theory offers a biased perspective on social phenomena,
A) it deserves our confidence, but only when it is confined to the monetary or financial sector of society. B) it is useless to anyone who rejects the free market system. C) it is nonetheless worth learning. D) it is superior to all the other social sciences.
Refer to the scenario above. What is the future value of Wendy's deposit after three years?
A) $2,150.91 B) $2,278.64 C) $2,382.03 D) $2,764.12
Frictional unemployment always exists because
A) some workers quit their jobs without having another job already lined up. B) the government has never instituted full employment policies. C) workers are lazy and refuse to accept certain jobs. D) recessions are necessary sometimes to keep the economy healthy.
Explain the difference between a change in the quantity demanded and a shift in the demand curve
What will be an ideal response?