In a flexible exchange rate system, which of the following would NOT cause the U.S. dollar to depreciate relative to the British pound?
A) a decrease in demand for British goods in the United States
B) an increase in demand for British goods in the United States
C) a decrease in British demand for U.S. exports
D) a shift to the left in the supply of British goods to the United States
A
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The key decision maker for U.S. monetary policy is:
A. Congress. B. The president. C. The president's cabinet. D. The Board of Governors.
You decide to spend time studying for a philosophy exam, even though you have offers to go to see a movie, go out to dinner, or go to a poetry reading
This is a difficult choice for you because you really want to go to the poetry reading and would choose that over seeing the movie or going out to dinner. Your opportunity cost of spending time studying for your philosophy exam is A) going to the movie. B) going out to dinner. C) going to the poetry reading. D) all of the above, since you have offers to do all three