If the purchasing power of the dollar is always the same at home and abroad, then the nominal exchange rate defined as units of foreign currency per dollar decreases if the U.S. price level rises more than the price level in foreign countries

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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The U.S. exchange rate rises. As a result, there is a

A) movement along the U.S. aggregate demand curve but the curve does not shift. B) rightward shift in the U.S. aggregate demand curve. C) leftward shift in the U.S. aggregate demand curve. D) rightward shift in the long-run U.S. aggregate supply curve.

Economics

The political structure that is most consistent with economic growth and progress is

What will be an ideal response?

Economics