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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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
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.
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.