The United States currently is
A) a debtor nation and has been since the end of World War II in 1945.
B) a creditor nation and has been since the end of World War II in 1945.
C) a debtor nation and has been since 1989.
D) a creditor nation and has been one since 1989.
E) neither a debtor nation nor a creditor nation.
C
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Answer the following questions true (T) or false (F)
1. If currency speculators decide that the value of the dollar should rise in the future relative to the yen, this will increase the demand for dollars and decrease the supply of dollars. 2. A real appreciation of the dollar is caused by either a nominal appreciation of the dollar, a rise in the foreign price level, or a fall in the U.S. price level. 3. A rise in the dollar price of the Chinese yuan signals an appreciation of the yuan and a depreciation of the dollar.
The monopolistically competitive firm earns zero economic profit in the long run.
Answer the following statement true (T) or false (F)