An increase in a country's budget deficit
a. increases net capital outflow, so the demand for its currency in the market for foreign-currency exchange shifts right.
b. increases net capital outflow, so the supply of its currency in the market for foreign-currency exchange shifts right.
c. decreases net capital outflow, so the demand for its currency in the market for foreign-currency exchange shifts left.
d. decreases net capital outflow, so the supply of its currency in the market for foreign-currency exchange shifts left.
d
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All of the following are considered natural resources EXCEPT
A) a redwood forest. B) labor. C) gold. D) a coral reef.
Which Federal Reserve Bank now regularly tracks target levels for the federal funds rate predicted by a basic Taylor-rule equation?
A) Boston B) Chicago C) New York D) St. Louis