Anything that increases the demand for foreign goods relative to domestic goods tends to ________ the domestic currency because domestic goods will only continue to sell well if the value of the domestic currency is ________,

Ellen receives a raise at her current part-time job from $8 to $10 per hour. If her labor supply curve is upward sloping, she will work fewer hours after receiving the pay raise

a. True b. False Indicate whether the statement is true or false

Given 'M' represents money supply, 'V' represents velocity of money, 'P' represents the price level, and 'Q' represents the total domestic output. Which of the following correctly describes the equation of exchange?

a. MV = P + Q b. MV = P - Q c. MV = P ??Q d. MV = P/Q