Holding other things constant, an increase in the inflation rate in the US compared to China may cause the demand for dollar to _____________ and the supply for dollar to __________
a. Increase; decrease
b. Increase, increase
c. Decrease; Increase
d. Decrease; Decrease
c
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Mary Ann and Don provide catering services in a perfectly competitive market. When they started in business, the going rate was $50 per person per meal. After the price increased to $60, they became willing to supply more meals. Their response to the price change is shown by
a. a rightward shift of the market supply curve b. a leftward shift of the market supply curve c. movement up along their firm's marginal cost curve d. movement down along their firm's marginal cost curve e. a rightward shift in their demand for jobs
The United States dollar has NOT been officially convertible to gold by international traders since
A) 1930. B) 1944. C) 1971. D) 1995.