Ceteris paribus, if the U.S. dollar depreciated in relation to the Canadian dollar, which of the following would be true?
a. U.S. goods would become less expensive to Canadian consumers.
b. Canadian goods would become more expensive to Canadian consumers.
c. U.S. goods would become less expensive to European consumers.
d. all of the above
Question 2
If the numbers of people officially employed and officially unemployed each increased by 10, while the non-institutional population increased by 15, what would be the effect?
a. an increase in the unemployment rate and an increase in the labor force participation rate
b. an increase in the unemployment rate and a decrease in the labor force participation rate
c. No change in the unemployment rate and an increase in the labor force participation rate
d. No change in the unemployment rate and a decrease in the labor force participation rate
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