Everything else equal, a depreciation of the dollar against the yuan:
A) will not affect the quantity of dollars demanded.
B) will lead to a decrease in the quantity of dollars demanded.
C) will lead to an increase in the quantity of dollars demanded.
D) can either lead to an increase or a decrease in the quantity of dollars demanded depending on the magnitude of the depreciation.
C
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In 2012, more than 60% of the privately held national debt was held by
a. foreign investors. b. Federal Reserve banks. c. large corporations. d. government trust funds.
In Year 1, the actual budget deficit was $200 billion and the cyclically-adjusted deficit was $150 billion. In Year 2, the actual budget deficit was $225 billion and the cyclically-adjusted deficit was $175 billion. It can be concluded that fiscal policy from Year 1 to Year 2 became more:
A. Proportional B. Progressive C. Contractionary D. Expansionary