In order to bring about a real depreciation of the dollar, the U.S. can hope for
A) a rise in the U.S. price level.
B) a fall in foreign price levels.
C) a rise in the dollar's nominal value in terms of foreign currencies.
D) a rise in foreign price levels or a fall in the dollar's nominal value in terms of foreign currencies.
E) increased output and full employment.
D
Economics
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Figure 10.5 Federal Outlays, Receipts, and Surplus/Deficit, as a Percent of GDP, 1980-2011
What will be an ideal response?
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Refer to the table above. The private sector balance is a
A) $700 billion surplus. B) $400 billion deficit. C) $700 billion deficit. D) $2,900 billion deficit. E) $2,900 billion surplus.
Economics