Last year the exchange rate between U.S. dollars and Mexican pesos was 10 pesos per dollar. Today is it 11 pesos per dollar. Here, the dollar ________ against the peso, and the peso ________ against the dollar

A) appreciated; depreciated
B) depreciated; appreciated
C) appreciated; appreciated
D) depreciated; depreciated

A

Economics

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A decrease in government spending initially and primarily shifts

a. aggregate demand to the right. b. aggregate demand to the left. c. aggregate supply to the right. d. neither aggregate demand nor aggregate supply.

Economics

The payoff matrix below shows the daily profit for two firms, Row Restaurant and Column Cafe, for two different strategies, publishing coupons in the student paper and not publishing coupons in the student paper.   If Row Restaurant publishes coupons, Column Cafe would earn the highest profit if it:

A. also published coupons. B. did not publish coupons. C. chooses either strategy because Column Cafe will have the same profit in either case. D. only offered coupons half of the time.

Economics