When the market value of the dollar rises relative to other currencies around the world, we say that
A) the supply of dollars has increased. B) the dollar has appreciated.
C) the dollar has depreciated. D) the demand for dollars has increased.
B
Economics
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(Advanced analysis) Answer the question on the basis of the following information. The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0.2Q. Refer to the given information. If demand changed from P =
10 - .2Q to P = 7 - .3Q, the new equilibrium price is: A. $2. B. $4. C. $6. D. $7.
Economics
Unemployment caused by a recession, assuming the time it takes to find a job constant, is called:
A. natural unemployment. B. frictional unemployment. C. cyclical unemployment. D. structural unemployment.
Economics