An appreciation of the Mexican peso relative to the U.S. dollar would ________ Mexican firms that are exporting goods to the United States and would ________ Mexican firms that have borrowed in U.S. dollars

In winter, Europeans and Americans flock to Switzerland to ski. We would expect to see the Swiss franc

a. depreciate because there is an increase in the demand for Swiss goods and services, which means an increase in the demand for Swiss francs b. appreciate because there is an increase in the demand for Swiss goods and services, which means a decrease in the demand for Swiss francs c. remain fixed because the demand for Swiss goods and services is counterbalanced by the supply of Swiss goods and services d. appreciate because there is an increase in the demand for Swiss goods and services, which means an increase in the demand for Swiss francs e. restored to equilibrium because the summer months see Swiss tourists in Europe and the U.S.

Other things the same, if a country raises its saving rate, then in the long run

a. both the level and growth rate of real GDP are unchanged. b. the level of real GDP is higher but the growth rate of real GDP is unchanged. c. both the level and growth rate of real GDP are higher. d. None of the above are correct.