A U.S. importer purchases 5,000 British pounds for $10,000. The rate of exchange is
A. $1 = 1.
B. $1 = 2.
C. $1 = .5.
D. $2 = 1.
B. $1 = 2.
Economics
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When drawn against the real interest rate, output supply increases if
A) current government expenses increase. B) future government expenses increase. C) current total factor productivity increases. D) the money supply increases.
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The demands of World War II caused our AD curve to shift to the
a. left and our AS curve to shift to the left b. left and our AS curve to shift to the right c. right and our AS curve to shift to the left d. right and our AS curve to shift to the right e. right, leaving our AS curve unchanged
Economics