If you observe that the dollar is appreciating because of a permanent change in the U.S. monetary supply, then the money supply must have:
a. fallen.
b. stayed the same.
c. risen.
d. Not enough information is provided to answer the question.
Ans: d. Not enough information is provided to answer the question.
You might also like to view...
The Keynesian macroeconomic model states that
A) changes in technology generate business cycles. B) the economy is inherently unstable and government intervention is required to maintain continued economic growth. C) fluctuations in the quantity of money are responsible for most economic recessions. D) markets work efficiently to produce the best macroeconomic outcomes. E) the economy is fairly stable.
The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for coffee after severe weather destroys a large portion of the coffee crop?
A) Graph A B) Graph B C) Graph C D) Graph D