Author Question: If the exchange rate falls from 120 yen per dollar to 110 yen per dollar, the dollar has ... (Read 180 times)

jilianpiloj

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If the exchange rate falls from 120 yen per dollar to 110 yen per dollar, the dollar has depreciated.
 
  Indicate whether the statement is true or false

Question 2

Which of the following always lowers the equilibrium price?
 
  A) an increase in both demand and supply
  B) a decrease in both demand and supply
  C) an increase in demand combined with a decrease in supply
  D) a decrease in demand combined with an increase in supply



momtoalll

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Answer to Question 1

TRUE

Answer to Question 2

D



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