Which of the following increases the price of the dollar relative to the Mexican peso?
A. an increase in the demand for pesos
B. an increase in the demand for dollars
C. a decrease in the supply of pesos
D. an increase in the supply of dollars
Answer: B
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All of the following have been proposed as explaining the limited effectiveness of monetary policy during and after the Financial Crisis of 2007-2009 EXCEPT:
A) recessions accompanied by financial crises tend to be severe B) a high level of uncertainty due in part to government policy C) the reluctance of the Fed to implement nonconventional policies D) structural changes as important sectors of the economy were deeply affected by the financial crisis
Based on the graph showing the median voter, if candidate A took a position at V1, candidate B would have the best chance to win the election by taking a position ______.
a. just to the left of V1
b. just to the left of V2
c. just to the right of V1
d. exactly at V2