A German who exchanges euros for dollars in a U.S. airport is
a. contributing to U.S. exports
b. lending dollars to Germans
c. participating in the foreign exchange market
d. engaging in speculative activities
e. engaging in illegal activities
C
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If the U.S. dollar depreciates, it means that
a. the value of the U.S. dollar has increased b. the value of foreign exchange has decreased c. fewer U.S. dollars are required to purchase foreign exchange d. more U.S. dollars are required to purchase foreign exchange e. exports will immediately fall
If government policy makers were worried about the inflationary potential of the economy, which of the following would not be a correct fiscal policy change?
a. Increase consumption taxes b. Increase government purchases of goods and services. c. Decrease government purchases. d. None of the above.