Which of the following would likely cause the dollar to depreciate?
a) Rising interest rates in the United States.
b) An increase in United State citizens' preference for foreign goods.
c) Income growth of the United States lagging behind that of other countries.
d) Lower inflation in the United States.
Ans: b) An increase in United State citizens' preference for foreign goods.
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In the above figure, if D2 is the original demand curve and consumers come to expect that the price of the good will rise in the future, which price and quantity might result?
A) point a, with price P2 and quantity Q2 B) point b, with price P1 and quantity Q1 C) point c, with price P3 and quantity Q3 D) point d, with price P1 and quantity Q3
For the most part, differences in wealth do reflect current labor market discrimination
Indicate whether the statement is true or false