From 1980 to 2000, the yen—dollar exchange rate fell from 240 yen/dollar to 102 yen/dollar, while the dollar—pound exchange rate fell from 2.22 dollars/pound to 1.62 dollars/pound. As a result
A) the dollar appreciated relative to the yen, but depreciated relative to the pound.
B) the dollar depreciated relative to the yen, but appreciated relative to the pound.
C) the dollar appreciated relative to both the yen and the pound.
D) the dollar depreciated relative to both the yen and the pound.
B
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The most likely explanation for the high inflation rates that countries like Russia and the Ukraine have suffered is that
A) large inflows of foreign funds increase the money supply, causing inflation. B) without inflation, these countries would be unable to achieve high rates of growth. C) borrowing from the central bank is the most expedient method of funding the government's expenditures. D) the flood of financial innovations has increased liquidity in these nations' economies.
Why would someone buying a meal deal at a fast food restaurant be part of the product market?
a. Neither party involved is a firm. b. Neither party involved represents a household. c. A household is trading a product to another household. d. A household is buying a product from a firm.