Consider the currency market for British pounds and U.S. dollars. An increase in the supply of British pounds:
A. Results in an appreciation of the pound and a depreciation of the dollar
B. Results in a depreciation of the pound and a depreciation of the dollar
C. Is equivalent to an increase in the demand for the U.S. dollar
D. Is equivalent to a decrease in the demand for the U.S. dollar
C. Is equivalent to an increase in the demand for the U.S. dollar
You might also like to view...
Generally speaking, the inclusion of transportation costs in the total costs of production has the effect of causing the LRAC curve to:
A) shift down. B) flatten out. C) shift up. D) become steeper over the range on economies of scale.
Demand for a good will always rise when:
a. the price of a complementary good falls. b. the price of a substitute good falls. c. tastes change. d. incomes decrease. e. the price of the good falls.
An example of a country that has had success with clustering is:
A. Japan. B. Liberia. C. China. D. Bangladesh.
In the simple Keynesian model, an increase in aggregate demand leads to an increase in
A) Real GDP and the price level at all levels of Real GDP. B) the price level and no change in Real GDP for levels of Real GDP below Natural Real GDP. C) the price level and a decrease in Real GDP at all levels of GDP. D) Real GDP and no change in the price level for levels of Real GDP below Natural Real GDP.