Suppose that the exchange rate between the dollar and the peso changed from 6 pesos per dollar to 8 pesos per dollar. This change means that the
A) peso appreciated.
B) dollar depreciated.
C) peso depreciated.
D) Both answers A and B are correct.
C
Economics
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Everything else held constant, if aggregate output is to the ________ of the IS curve, then there is an excess ________ of goods which will cause aggregate output to rise
A) right; supply B) right; demand C) left; supply D) left; demand
Economics
When taxes are decreased, disposable income increases even though GDP is unchanged.
Answer the following statement true (T) or false (F)
Economics