Refer to Figure 13-1. Ceteris paribus, an increase in the value of the domestic currency relative to foreign currencies would be represented by a movement from

Suppose X and Y are complements and demand for X is Qxd = ?0 + ?XPX + ?YPY + ?MM + ?HH. Then we know

A. ?H > 0. B. ?M < 0. C. ?Y < 0. D. ?X > 0.

If the dollar price of the English pound goes from $1.50 to $1.75, the dollar has

What will be an ideal response?