U.S. imports:
A. Increase the foreign demand for foreign currencies
B. Increase the domestic demand for foreign currencies
C. Decrease the foreign supply of foreign currencies
D. Increase the domestic supply of foreign currencies
B. Increase the domestic demand for foreign currencies
Economics
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If the price level rises from 100 to 110 then the inflation rate is
A) 100 percent. B) 1.0 percent. C) 10.0 percent. D) 110 percent. E) None of the above answers is correct.
Economics
When the price level increases, the effect of a change in government spending on real GDP will be understated
a. True b. False Indicate whether the statement is true or false
Economics