When people expect that the future exchange rate will be lower, they ________ the supply of dollars and the current exchange rate ________
A) decrease; rises
B) decrease; falls
C) increase; falls
D) increase; rises
E) do not change; rises
C
Economics
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Explain what is meant by allocative efficiency
What will be an ideal response?
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A consumer is said to be indifferent between two consumption bundles
A) when the consumer doesn't care about his or her consumption bundle. B) when the two bundles provide equal amounts of utility. C) when the consumer chooses the bundles equally often. D) when the consumer is indecisive.
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