If E$/£ increases by 20%, this is consistent with an increase from:
a. 4 to 5.
b. 4 to 6.
c. 5 to 6.
d. 4 to 7.
Ans: c. 5 to 6.
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From 2004 to 2006, the U.S. budget was ________, private saving was ________ domestic investment, and foreign borrowing was ________
A) in deficit, less than, needed to finance deficit B) balanced, roughly equal to, not needed to finance deficit C) balanced, less than, substantial. D) surplus, greater than, negligible
What type of relationship exists between expected future income and consumption?
A. Negative B. Positive C. Indirect D. Constant
Which of the following groups would most likely to benefit from inflation?
a. borrowers b. lenders c. creditors d. pensioners
Firm's under conditions of perfect competition will
A) Will face a few other competitors in the market. B) Will face barriers to entry. C) Have no disproportionate influence on price. D) None of the above.