When the domestic money prices of goods are held constant
A) a nominal dollar appreciation makes U.S. goods cheaper compared with foreign goods.
B) a nominal dollar depreciation makes U.S. goods less appealing in foreign markets.
C) a nominal dollar appreciation does not affect the prices of U.S. goods.
D) a nominal dollar depreciation makes U.S. goods more expensive compared with foreign goods.
E) a nominal dollar depreciation makes U.S. goods cheaper compared with foreign goods and a nominal dollar appreciation makes U.S. goods more expensive compared with foreign goods.
E
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In monopolistic competition, each firm has a demand curve with a ________ and there ________ barriers to entry into the market
A) negative slope; are no B) slope equal to zero; are no C) negative slope; are D) slope equal to zero; are
Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60 have full-time employment; 20 have part-time employment; 20 do not have employment, but are actively looking for
employment; and 10 would like employment but do not have employment and are not actively looking for employment. The official unemployment rate as calculated by the U.S. Bureau of Labor would equal A) (30/80 ) × 100. B) (20/60 ) × 100. C) (20/100 ) × 100. D) (20/80 ) × 100.