Changes in exchange rates are due to
A) real events only.
B) nominal events only.
C) both real and nominal events.
D) None of the above.
C
Economics
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Why are most of the U.S. dollars held outside of the United States?
What will be an ideal response?
Economics
If you expect a general price increase of 5% this year and the price of the hamburgers you sell increases by 10%, you would conclude that the relative price of your good has
A) declined, and you would increase your output. B) declined, and you would decrease your output. C) increased, and you would increase your output. D) increased, and you would decrease your output.
Economics