Under a system of flexible exchange rates, an increase in the supply of foreign exchange (an increase in the demand for the dollar) will cause the
a. dollar to appreciate.
b. dollar to depreciate.
c. U.S. trade deficit to decrease.
d. U.S. inflation rate to increase.
A
Economics
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If your nominal income in 2014 is $50,000, and prices increase by 50% between 2014 and 2017, then to have the same real income, your nominal income in 2017 must be
A) $50,000. B) $75,000. C) $100,000. D) $150,000.
Economics
Using Figure 1.6, if an economy has the capacity to produce represented by PP1, then point E represents
A. An efficient use of resources. B. A change in technology. C. A constant trade-off between cars and SUVs. D. A combination of cars and SUVs that is not attainable.
Economics