Under a flexible exchange rate system, if the quantity supplied of dollars is less than the quantity demanded of dollars, there is a:
A) balance of payments deficit and the dollar would depreciate.
B) balance of payments surplus and the dollar would depreciate.
C) balance of payments deficit and the dollar would appreciate.
D) balance of payments surplus and the dollar would appreciate.
D
Economics
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At a price of $4 in the above figure
A) the equilibrium quantity is 400 units. B) there is a surplus of 200 units. C) the quantity supplied is 400 units. D) there is a shortage of 200 units.
Economics
Economists assume that
A) people put other people's interests ahead of their own. B) individuals behave in unpredictable ways. C) consumer behavior is explained by the existence of unlimited resources. D) optimal decisions are made at the margin.
Economics