Exchange rates in what is termed the "medium run"
a. will be altered by an economic upswing because consumers buy more goods including imports when disposable income goes up.
b. will be unaffected by economic changes in personal income or consumption spending.
c. will appreciate for a country having an economic boom when others are not.
d. All of the above are correct.
a
You might also like to view...
For developed countries like the United States, GDP will always exceed GNP
Indicate whether the statement is true or false
When a market is in surplus, there is pressure for the price to move upward
a. True b. False Indicate whether the statement is true or false
Voluntary programs, direct controls, and emissions taxes are all equally effective ways of controlling pollution
a. True b. False Indicate whether the statement is true or false
The economic behavior of government is constrained by
a. limited budgets b. the absence of prices on most government output c. moral philosophy of the community d. low voter participation rates e. political self interest