In the figure above, the shift in the supply curve for U.S. dollars from S0 to S1 could occur when
A) the U.S. interest rate rises.
B) foreign interest rates rise.
C) the expected future exchange rate falls.
D) the current exchange rate rises.
A
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When only a small number of producers compete with each other is a defining characteristic of
A) inelastic supply. B) monopolistic competition. C) efficient competition. D) oligopoly.
From 1970 to 2010, the real price of eggs decreased. Which of the following would cause an unambiguous decrease in the real price of eggs?
A) A shift to the right in the supply curve for eggs and a shift to the right in the demand curve for eggs. B) A shift to the right in the supply curve for eggs and a shift to the left in the demand curve for eggs. C) A shift to the left in the supply curve for eggs and a shift to the right in the demand curve for eggs. D) A shift to the left in the supply curve for eggs and a shift to the left in the demand curve for eggs.