If the dollar appreciates relative to the yen, we would expect:
a. that the Japanese trade surplus with the United States would increase.
b. that Japanese imports from the United States would decrease
c. that Japanese exports to the United States would decrease.
d. both (a) and (b)
d
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If the quantity of higher education demanded rises by 5 percent when incomes rise by 10 percent,
a. higher education is a normal good b. higher education is an inferior good c. the demand for higher education is price elastic d. the law of demand applies to higher education e. the demand for higher education is price inelastic
What is the relationship between real interest rates and investment, other things being equal?
a. No apparent relationship b. A quadratic relationship c. A positive relationship d. A negative relationship
Jordan loaned Taylor $1,200 on March 15, 2009. Taylor returned $1,260 on March 14, 2010. Inflation was 2% over the 1-year period. What is the real interest rate that Taylor paid?
What will be an ideal response?
How did mortgage defaults affect banks involved in mortgage lending and mortgage investing?
What will be an ideal response?