Suppose in London £/$ = 0.5 while in New York £/SF = 0.2. The corresponding cross rate (SF/$) is
A) 2.5.
B) 0.1.
C) 0.4.
D) 0.3.
A
Economics
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Classical economists believe that:
A. velocity is not constant. B. changes in the money supply affect real GDP. C. the quantity of money explains prices. D. the money supply affects velocity.
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Increasing-cost production-possibility curves are bowed-out from the origin.
Answer the following statement true (T) or false (F)
Economics