If today $1 exchanges for ¥135, and tomorrow $1 exchanges for ¥150,we say the euro has:
a. appreciated.
b. depreciated.
c. stagnated.
d. become inverted.
Ans: a. appreciated.
Economics
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Which of the following factors may cause velocity to fluctuate?
I. changes in interest rates II. changes in expectations about inflation III. changes in expectations about bond prices IV. an increase in the number of financial products that affects the demand for money A) I, II, III, and IV B) I, II, and III C) I, III, and IV D) I and II
Economics
In the figure above in the market for high-skilled labor, the equilibrium wage rate is
A) $16. B) $8. C) $20. D) $28.
Economics