If a currency such as the US$ is traded in a competitive market, a(n) ________ in demand for the US$ ________ the price of the US$ in terms of another currency such as the Japanese Yen (¥)

A) increase; lowers
B) increase; raises
C) decrease; raises
D) change; lowers


B

Economics

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A) shocks to the aggregate supply side of the economy. B) abrupt changes in monetary policy. C) increases in the budget deficit and national debt. D) discretionary fiscal policy.

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In Figure 3-7 above, the multiplier is

A) 2. B) 0.2. C) 5. D) 2.5.

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The industrial North wanted the _______ to buy their goods rather than import goods from ________ so they erected ____________ tariffs.

Fill in the blank(s) with the appropriate word(s).

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Profit is the excess of revenue over and above payment for

a. wages. b. rent. c. interest. d. all costs of production.

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