Under a fixed exchange rate system, if the inflation rate of the United States is less than the inflation rate of other nations, the
A) United States will develop a trade surplus. B) dollar will appreciate.
C) United States will develop a trade deficit. D) dollar will depreciate.
A
Economics
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Assume the marginal propensity to consume (MPC) is 0.80 and the government increases taxes by $100 billion. The aggregate demand curve will shift to the:
A. left by $80 billion. B. right by $200 billion. C. right by $400 billion. D. left by $400 billion.
Economics
Economic growth is________ improved health conditions in a nation.
A. always more important than B. not necessarily needed for C. always needed for D. negatively related to
Economics