An increase in the exchange rate from $2.00 = 1 € to $2.20 = 1 € is a
A) 10% depreciation of the euro with respect to the dollar.
B) 10% depreciation of the dollar with respect to the euro.
C) 10% appreciation of the dollar with respect to the euro.
D) None of the above.
B
Economics
You might also like to view...
An autonomous easing of monetary policy
A) causes an upward movement along the monetary policy curve. B) causes a downward movement along the monetary policy curve. C) shifts the monetary policy curve upward. D) shifts the monetary policy curve downward.
Economics
If the marginal propensity to consume is 0.5 and disposable income increases by $10,000 . by how much will consumption spending increase?
a. $10,000 b. $500 c. $50 d. $5,000 e. $9,524
Economics