If the goods' money prices do not change, a depreciation of the dollar against the pound
A) makes British sweaters cheaper in terms of American jeans.
B) makes British sweaters more expensive in terms of American jeans.
C) makes American jeans more expensive in terms of British sweaters.
D) doesn't change the relative price of sweaters and jeans.
E) makes British jeans more expensive in Britain.
B
Economics
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If R represents the reserve ratio for all banks in the economy, then the money multiplier is
a. 1/(1-R). b. 1/R. c. 1/(1+R). d. (1+R)/R.
Economics
Refer to the information provided in Figure 23.8 below to answer the question(s) that follow.
Figure 23.8Refer to Figure 23.8. The amount of planned investment decreases if the interest rate
A. remains at 4%. B. drops from 8% to 4%. C. remains at 8%. D. rises from 4% to 8%.
Economics