Author Question: In June 2008, the dollar bought 1.6 Brazilian reals and in October, the dollar bought 2.4 reals. ... (Read 23 times)

nautica902 · **on:** Jun 29, 2018

In June 2008, the dollar bought 1.6 Brazilian reals and in October, the dollar bought 2.4 reals. This resulted in a

A) a movement upward along the supply curve for dollars.
B) a movement downward along the supply curve for dollars.
C) rightward shift in the supply curve for dollars.
D) leftward shift in the supply curve for dollars.

Question 2

The quantity of money in an economy is 9 million, and the velocity of circulation is 3. Nominal GDP in this economy is ________.

A) 6 million
B) 9 million
C) 3 million
D) 27 million