If the Japanese government enters the foreign exchange market and purchases yen to maintain a specific exchange rate with the dollar, the dollar will ________ and the yen will ________
A) depreciate; depreciate B) depreciate; appreciate
C) appreciate; depreciate D) appreciate; appreciate
B
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The European Central Bank:
A) emphasizes maintaining interest rates below 5%. B) lays more emphasis on controlling employment than on controlling inflation. C) emphasizes maintaining unemployment rates below 5%. D) lays more emphasis on controlling inflation than on controlling employment.
In games without dominant strategies the Nash equilibrium can be found by using:
a. the cooperation vs. grim trigger strategy. b. the chain-store paradox. c. the principle of backward induction. d. the method of iterated elimination of dominated strategies.
______ identifies all of the input combinations that efficiently produce a given amount of output.
A. A production function B. An efficient production frontier C. A production possibilities curve
Quotas imposed on U.S. imports into Japan tend to:
A) penalize both U.S. consumers and Japanese consumers. B) benefit both U.S. consumers and Japanese consumers. C) penalize U.S. consumers and benefit Japanese consumers. D) benefit U.S. consumers and penalize Japanese consumers.