Refer to the table below. Which of the following statements is correct?
The following table shows the foreign currency per U.S. dollar near the end of January of each year listed.
A. From 2002-2003, the Australian dollar depreciated in value relative to the U.S. dollar
B. From 2003-2004, the Australian dollar appreciated in value relative to the U.S. dollar
C. From 2001-2002, the Japanese yen appreciated in value relative to the U.S. dollar
D. From 2003-2004, the Japanese yen depreciated in value relative to the U.S. dollar
B. From 2003-2004, the Australian dollar appreciated in value relative to the U.S. dollar
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Explain for each event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them
What will be an ideal response?
In the circular-flow diagram,
a. firms own the factors of production. b. the factors of production are labor, land, and capital. c. the factors of production are also called "output.". d. All of the above are correct.