The exchange rate changed from € 2.5/ $ to € 2.0/ $. Therefore:
a. The euro appreciated by 20% and the dollar depreciated by 20%.
b. The euro depreciated by 20% and the dollar appreciated by 20%.
c. The euro appreciated by 25% and the dollar depreciated by 25%.
d. The euro depreciated by 25% and the dollar appreciated by 25%.
e. The euro appreciated by 25% and the dollar depreciated by 20%.
.E
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Discuss how successful the American Recovery and Reinvestment Act was at increasing real GDP and employment
What will be an ideal response?
The Reserve Bank of Glassen is the apex banking institution in the country of Glassen. Money supply in Glassen will increase when:
a. the Reserve Bank of Glassen buys bonds from commercial banks b. the Reserve Bank of Glassen raises the required reserve ratio for commercial banks. c. the Reserve Bank of Glassen sells government bonds to commercial banks. d. the Reserve Bank of Glassen raises the discount rate for commercial banks. e. the Reserve Bank of Glassen prints new checks.
According to the text, the U.S. economy's four competing power blocs include all the following except
a. industrial b. agricultural c. international d. retail e. labor
Consider Larry's decision to go to college. If he goes to college, he will spend a total of $120,000 on tuition, $30,000 on room and board, and $3,500 on books over four years. If he does not go to college, he will earn $30,000 annually working in a store and spend $7,000 on room and board each year. Larry's cost of going to college is
a. $123,500. b. $153,500. c. $190,500 d. $245,500