Other things the same, if the price level rises, people
a. increase foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange increases.
b. increase foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange decreases.
c. decrease foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange increases.
d. decrease foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange decreases.
d
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An example of Friedman's k-percent rule is
A) "do not change the growth rate of the quantity of money." B) "every time GDP decreases, decrease the growth rate of the quantity of money." C) "set the growth rate of the quantity money equal to the unemployment rate." D) "every time GDP decreases, increase the growth rate of the quantity of money." E) "use all information available to determine the growth rate of the quantity of money each time GDP changes."
Each of the 15 members of the European Union that joined before May, 2004 use the euro as their currency
Indicate whether the statement is true or false