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

Economics

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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

Economics

The United States dollar has NOT been officially convertible to gold by international traders since

A) 1930. B) 1944. C) 1971. D) 1995.

Economics