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Author Question: A nominal appreciation of the Japanese yen (against all currencies) indicates that A) the yen ... (Read 59 times)

cherise1989

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on: Jun 30, 2018
A nominal appreciation of the Japanese yen (against all currencies) indicates that
 
  A) the yen price of the U.S. dollar has increased.
  B) the yen price of the U.K. pound has increased.
  C) the number of units of foreign currency that one can obtain with one yen has increased.
  D) all of the above

Question 2

Based on wage setting behavior, we know that a reduction in the unemployment rate will cause
 
  A) no change in the real wage.
  B) a reduction in the real wage.
  C) an increase in the real wage.
  D) an upward shift of the WS curve.


mirabriestensky

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


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