In a floating exchange rate system, an appreciation of the exchange rate could be caused by
a. a cut in taxes.
b. a decrease in government spending.
c. an increase in the domestic money supply.
d. a decrease in the foreign demand for U.S. goods.
A
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Suppose that in 2012, real GDP is larger than nominal GDP. The GDP price index in 2012 is definitely
A) less than 100. B) larger than the GDP price index in 2012. C) greater than 100. D) negative. E) less than the GDP price index in 2012.
What is the main difference between a single-payer health care system and socialized medicine?
What will be an ideal response?
The relative price of goods in two countries is known as the ________
A) nominal exchange rate B) real exchange rate C) domestic price level D) real interest rate
A price ceiling set below the market clearing price will tend to cause which of the following?
A) a surplus B) a shortage C) an increase in demand D) a reduction in supply