In the figure above, if the exchange rate is equal to 1 Canadian dollar per U.S. dollar, there is a ________ of ________currency and the exchange rate will________
A) shortage; domestic; rise
B) surplus; domestic; rise
C) shortage; foreign; rise
D) surplus; foreign; fall
A
You might also like to view...
Suppose the price level rises and the money wage remains constant. This set of changes leads to
A) an upward movement along the LAS curve. B) an upward movement along the SAS curve. C) a leftward shift of the SAS curve. D) a leftward shift of the SAS curve and the LAS curve.
In the late 2000s, which source of funds for corporations grew the most?
A) net new stock issues B) net new bond issues C) net new loans D) net new commercial paper
Which of the following is an implicit cost of owning a business?
(i) interest expense on existing business loans (ii) forgone savings account interest when personal money is invested in the business (iii) damaged or lost inventory a. (i) only b. (ii) only c. (i) and (ii) d. All of the above are correct
The existence of externalities is due mainly to the fact that
A) monopolies tend to produce too little of a good anyway. B) the optimal level of pollution is zero. C) pollution is not a serious problem. D) property rights are poorly defined.