In determining the exchange rate between U.S. dollars and Swiss francs, all of the following are assumed constant along the supply curve for francs except one. Which is not assumed constant?
a. U.S. interest rates
b. Swiss income
c. expected rates of inflation in the United States
d. expected rates of inflation in Switzerland
e. the price of the Swiss franc
E
Economics
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Susan just sold her text books for $200 cash and deposited the cash she received in her checking account. This transaction has
A) increased the quantity of M1. B) decreased the quantity of M1. C) increased the quantity of M2. D) decreased the quantity of M2. E) not changed either M1 or M2.
Economics
On a diagram of a production possibilities frontier, economic growth is represented by the slope of the production possibilities frontier
Indicate whether the statement is true or false
Economics