Other things the same, if U.S. residents choose to buy more Chinese goods and services
a. the demand for dollars in the market for foreign-currency exchange shifts right.
b. the demand for dollars in the market for foreign-currency exchange shifts left.
c. the supply of dollars in the market for foreign-currency exchange shifts right.
d. the supply of dollars in the market for foreign-currency exchange shifts left.
b
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Refer to Figure 16.1. An increase in the real interest rate is best represented by a movement from
A) point A to point B. B) point B to point A. C) point A to point C. D) point C to point A.
Assume a subsidy to buyers has been enacted in the market in the graph shown. With the subsidy, the buyers buy _____ units and pay _____ for each of them.
A. 100; $46
B. 100; $30
C. 150; $40
D. 150; $24
Changes in both physical and human capital affect a nation's ability to produce goods and services
a. True b. False Indicate whether the statement is true or false
Deposit creation occurs when
A. A bank lends money. B. A person takes money out of one bank and puts it in another bank. C. A person takes money out of the banking system and holds it as cash. D. A bank borrows dollars from the Federal Reserve.