Suppose that prices in the United States rise relative to prices in Japan. We expect that
A) the dollar will appreciate and the yen will depreciate.
B) the dollar will depreciate and the yen will appreciate.
C) both the dollar and the yen will appreciate.
D) both the dollar and the yen will depreciate.
B
Economics
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From 2001 to 2005 there was a dramatic change in the price of houses. This change made people feel wealthier and shifted aggregate demand curve to the right. The price of houses must have
a) fallen. b) the price of houses has no effect on wealth and aggregate demand. c) risen. d) remained constant.
Economics
The government's purchases of goods but not its purchases of services are included in GDP
a. True b. False Indicate whether the statement is true or false
Economics