Author Question: Suppose the exchange rate changes so that more Japanese yen are required to buy a dollar. We could ... (Read 14 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
Suppose the exchange rate changes so that more Japanese yen are required to buy a dollar. We could conclude that:
 a. the Japanese yen has appreciated in value.
  b. U.S. citizens will buy more Japanese imports.
  c. Japanese will demand more U.S. exports.
  d. U.S. citizens will buy less Japanese imports.

Question 2

If autonomous consumption is greater than zero and the marginal propensity to consume is greater than zero, but less than one, the consumption function will first be above and then below the 45 degree line.
 a. True
  b. False
  Indicate whether the statement is true or false



underwood14

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

b

Answer to Question 2

True



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

For a complete list of videos, visit our video library