This topic contains a solution. Click here to go to the answer

Author Question: If currencies around the world are based on the gold standard, and the EU lowers the amount of gold ... (Read 86 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
If currencies around the world are based on the gold standard, and the EU lowers the amount of gold for which the euro will trade, then holding all else constant,
 
  A) the euro will depreciate against the dollar.
  B) the value of U.S. exports to EU countries in terms of the euro will decrease.
  C) the value of the euro relative to the dollar will stay constant.
  D) the euro will appreciate against the dollar.

Question 2

Refer to Figure 16-4. In the graph above, suppose the economy is initially at point A. The movement of the economy to point B as shown in the graph illustrates the effect of which of the following policy actions by Congress and the president?
 
  A) an increase in the marginal income tax rate B) an increase in interest rates
  C) an increase in transfer payments D) an open market purchase of Treasury bills



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JYan

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

A

Answer to Question 2

A




olgavictoria

  • Member
  • Posts: 528
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

For a complete list of videos, visit our video library