If real interest rates in Japan fall relative to real interest rates in the United States, the yen will likely __________ in terms of the dollar and the dollar will likely __________ in terms of the yen

A) appreciate; depreciate
B) depreciate; appreciate
C) remain unaffected; remain unaffected
D) remain unaffected; appreciate
E) remain unaffected; depreciate

B

Economics

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Refer to the scenario above. The winner of this auction will earn a surplus of ________ if he follows his dominant strategy

A) $100 B) $300 C) $400 D) $200

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An income tax for which the average tax rate is constant called a

A) regressive income tax. B) proportional income tax. C) marginal income tax. D) progressive income tax.

Economics