You hold currency from a foreign country. If that country has a higher rate of inflation than the United States, then over time the foreign currency will buy
a. more goods in that country and buy more dollars.
b. more goods in that country but buy fewer dollars.
c. fewer goods in that country but buy more dollars.
d. fewer goods in that country and buy fewer dollars.
d
Economics
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Unemployment that arises when there is a mismatch between the quantity of labor demanded and supplied is referred to as:
A) structural unemployment. B) disguised unemployment. C) frictional unemployment. D) cyclical unemployment.
Economics
The additional interest that investors require to buy a long-term bond instead of a sequence of short-term bonds is known as the:
A) risk premium B) default premium C) term premium D) segmented premium
Economics