If prices rise within a country, then, other things equal, the value of a unit of domestic currency will:
a. rise in both the domestic and the foreign exchange markets.
b. fall in both the domestic and the foreign exchange markets.
c. rise in the domestic market and fall in the foreign exchange market.
d. fall in the domestic market and rise in the foreign exchange market.
e. fluctuate unpredictably in both domestic and foreign exchange markets.
b
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Which statement most accurately describes the effect financial technology has had on the demand for money in the United States?
A) Advances in financial technology have all increased the demand for money. B) Some advances in financial technology have increased the demand for money while others have decreased it. C) It is not possible to tell what would be the effect because financial technology has not changed over the past three decades. D) Advances in financial technology have all decreased the demand for money. E) Advances in financial technology have had no effect on the demand for money.
Explain the role played by technological change in classical growth theory, neoclassical growth theory, and new growth theory
What will be an ideal response?