In the long run, if inflation is higher in India than in the U.S., one would expect
A. the dollar to depreciate relative to the rupee
B. the rupee to depreciate relative to the dollar
C. the rupee to appreciate relative to the dollar
D. two of the above are correct
Ans: B. the rupee to depreciate relative to the dollar
Economics
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When currency outstanding decreases,
A) gold certificates rise. B) the money supply increases. C) Fed assets decline. D) bank deposits at the Fed increase.
Economics
Successful collusion requires all of the following except
a. a monopoly market with strong barriers to entry b. all firms cooperate, none cheat c. all firms belong to the same industry d. collusion will be more profitable than non-collusion e. the government does not interfere
Economics