When a Japanese resident buys a good or service from a U.S. producer, there is a(n)
A) increase in the supply of yen in the foreign exchange market.
B) decrease in the supply of yen in the foreign exchange market.
C) increase in the demand for yen in the foreign exchange market.
D) decrease in the demand for yen in the foreign exchange market.
Answer: A
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?The Keynesian-cross model is based on the idea that the ____ must equal total output.
a. components of consumption
b. components of aggregate supply
c. components of aggregate demand
d. net exports
Which of the following statements about the relationship between economic costs and accounting costs is true?
A. Accounting costs are always greater than economic costs. B. Accounting costs must always equal economic costs. C. Accounting costs are always less than or equal to economic costs. D. Accounting costs are equal to or greater than economic costs.
An increase in quantity demanded is a movement along a fixed demand curve caused by a shift in the supply curve.
a. true b. false
In an increasing-cost industry, an increase in output will lead to
A. an downward shift in the MC curve. B. an increase in long-run per-unit costs. C. an downward shift in the ATC curve. D. a reduction in long-run per-unit costs.