Author Question: If the U.S. dollar appreciates relative to the British pound, then we pay fewer dollars for a pound. ... (Read 115 times)

Yolanda · **on:** Jun 30, 2018

If the U.S. dollar appreciates relative to the British pound, then we pay fewer dollars for a pound.
a. True
b. False
Indicate whether the statement is true or false

Question 2

In the aggregate expenditures model, if an economy operates above equilibrium GDP, there will be:
a. unplanned inventory depletion.
b. an increase in GDP.
c. an increase in employment.
d. a decrease in GDP.