Which one of the following would supply dollars to the foreign exchange market?
a. the sale of U.S. automobiles to a Mexican consumer
b. the spending of British tourists in the United States
c. the purchase of Canadian oil by a U.S. consumer
d. the sale of a U.S. corporation to a Saudi Arabian investor
C
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The quantity of real GDP supplied decreases if the price level ________ because it ________ profits
A) falls; decreases B) rises; increases C) rises; decreases D) falls; increases E) None of the above answers is correct because the AS curve is vertical so that the quantity of real GDP supplied does not change when the price level changes.
A checking account balance in a commercial bank is
A) part of the currency supply. B) a time deposit. C) not liquid enough to be considered money. D) an asset readily usable for most transactions.