If the exchange rate between the yen and the dollar changed from 100 yen = $1 to 110 yen = $1, then
a. the dollar depreciated
b. U.S. goods will become less expensive to the Japanese
c. the dollar appreciated
d. Japanese goods will become more expensive to U.S. citizens
e. the demand for dollars will increase
C
You might also like to view...
Changes in which of the following shifts the aggregate supply curve? i. the price level ii. the money wage rate iii. potential GDP
A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
The table above shows the total utility from the two goods Freddy likes to consume. The marginal utility Freddy receives from consuming an extra bag of Fritos
A) depends on the quantity of fruit drinks consumed. B) decreases as he consumes more bags of Fritos. C) decreases as he consumes more fruit drinks. D) equals 75 when he consumes 2 bags of Fritos.