Refer to the graph below. If currency traders think the European economy will experience a recession and the U.S. economy will not, then this event will most likely cause the:
Assume that U.S. and European governments adopt a system of flexible exchange rates, and the figure below shows the market for euros.
A. Euro to appreciate
B. Euro to depreciate
C. U.S. dollar to depreciate
D. The supply of euros to decrease
B. Euro to depreciate
Economics
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Nominal GDP is another term for
a. current dollar GDP. b. constant dollar GDP. c. adjusted dollar GDP. d. relative value GDP.
Economics
An inferior good is one for which
A) demand increases as income increases. B) demand decreases as income increases. C) the demand curve is vertical. D) the demand curve slopes up.
Economics