According to purchasing-power parity, if it took 58 Indian rupees to buy a dollar today, but it took 55 to buy it a year ago, then the dollar has
a. appreciated, indicating inflation was higher in the U.S. than in India.
b. appreciated, indicating inflation was lower in the U.S. than in India.
c. depreciated, indicating inflation was higher in the U.S. than in India.
d. depreciated, indicating inflation was lower in the U.S. than in India.
b
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An increase in the price of wheat will lead to
A) an upward movement along the demand curve for wheat. B) a leftward shift in the demand curve for wheat. C) a rightward shift in the supply curve for wheat. D) an increase in the quantity of wheat consumed.
If crowding out occurs, the Main Burden of the debt is
A. smaller government assets passed along to the next generation. B. smaller capital stock passed along to the next generation. C. fewer government services during this generation. D. higher debt payments passed along to the next generation.