In 1980, if the foreign exchange rate was $1 dollar was equivalent to 4 German marks, then one mark was worth __________.
Fill in the blank(s) with the appropriate word(s).
25 cents
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If national saving decreases
A) the sum of domestic investment and foreign investment must increase. B) the sum of domestic investment and foreign investment must decrease. C) foreign investment must increase to cover the loss. D) the sum of domestic investment and net exports must increase.
Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.
Figure 34.4Refer to Figure 34.4. The demand and supply of pounds are D1 and S1. If the demand shifts to D2 and supply remains unchanged at S1
A. the dollar appreciates and the equilibrium quantity of pounds increases. B. the dollar depreciates and the equilibrium quantity of pounds decreases. C. the dollar depreciates and the equilibrium quantity of pounds increases. D. the dollar appreciates and the equilibrium quantity of pounds decreases.