Which of the following would cause the demand curve for yen to shift as indicated in Figure 17-5 above?
a. A decrease in the U.S. price level.
b. An increase in the U.S. interest rate.
c. An increase in Japanese real GDP.
d. An increase in U.S. real GDP.
e. A decrease in U.S. real GDP.
D
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Because oil price increases reduce the consumption of oil, this discourages exploration for new sources of oil
Indicate whether the statement is true or false
Everything else held constant, in the market for reserves, increases in the discount rate affect the federal funds rate
A) when the funds rate is below the discount rate. B) when the funds rate equals the discount rate. C) when the demand for federal funds intersects the vertical section of the reserve supply curve. D) when the demand for federal funds equals zero.
The business cycle is the periodic but recurrent fluctuations in real GDP
a. True b. False Indicate whether the statement is true or false
Which of the following is true? a. Poverty, defined as the lack of a minimum level of consumption, could be potentially eliminated, but scarcity could not. b. Scarcity could be potentially eliminated but poverty could not
c. Both scarcity and poverty could be potentially eliminated. d. Neither scarcity nor poverty could be potentially eliminated.