Suppose the rate of inflation in a country increases from 4% to 8% within a few months. This will cause:
a. the demand curve for the currency to shift to the right
b. the demand curve for the currency to shift to the left.
c. an upward movement along the demand curve for the currency.
d. an upward movement along the supply curve for the currency.
b
Economics
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An increase in the supply of oranges in a town drives down its price by 5 percent. Which of the following changes will be observed in the market?
a. The demand for oranges will decrease. b. The demand for oranges will increase. c. The quantity of oranges demanded will increase. d. The quantity of oranges demanded will decrease.
Economics
The most broadly based price index is the:
a. GDP chain price index. b. real GDP price index. c. producer price index. d. consumer price index.
Economics