If the exchange rate between the Canadian dollar (C$) and the U.S. dollar ($) changes from 1C$ = $1.30 to 1C$ = $1.05 we can say that:
a. the U.S. dollar has depreciated with respect to all the currencies across the world.
b. the Canadian dollar has appreciated with respect to the U.S. dollar.
c. the U.S. dollar has appreciated with respect to the Canadian dollar.
d. the Canadian dollar has depreciated with respect to all the currencies across the world.
e. the Canadian dollar has appreciated with respect to all the currencies across the world.
c
Economics
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Economists refer to the series of induced increases in consumption spending that result from an initial increase in autonomous expenditures as the ________ effect
A) multiplier B) expenditure C) consumption D) aggregate demand
Economics
If the multiplier is 10, the MPC is
A. 0. B. .1. C. .5. D. .9.
Economics