Lower U.S. interest rates cause the value of the dollar to
A) fall, making U.S. goods relatively more expensive on world markets.
B) fall, making U.S. goods relatively cheaper on world markets.
C) rise, making U.S. goods relatively more expensive on world markets.
D) rise, making U.S. goods relatively cheaper on world markets.
B
Economics
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Which of the following is NOT an event that causes BOTH the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve to shift?
A) a change in an economy's endowments of the factors of production B) a change in an economy's labor supply C) a temporary change in the price of a key input D) technological changes
Economics
Refer to the figure above. What is the producer surplus when Lithasia opens to free trade?
A) $2 B) $5 C) $20 D) $21
Economics