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Author Question: In June 2008, the dollar bought 1.6 Brazilian reals and in October, the dollar bought 2.4 reals. ... (Read 24 times)

nautica902

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on: Jun 29, 2018
In June 2008, the dollar bought 1.6 Brazilian reals and in October, the dollar bought 2.4 reals. This resulted in a
 
  A) a movement upward along the supply curve for dollars.
  B) a movement downward along the supply curve for dollars.
  C) rightward shift in the supply curve for dollars.
  D) leftward shift in the supply curve for dollars.

Question 2

The quantity of money in an economy is 9 million, and the velocity of circulation is 3. Nominal GDP in this economy is ________.
 
  A) 6 million
  B) 9 million
  C) 3 million
  D) 27 million


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ong527

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


nautica902

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

matt95

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Reply 3 on: Yesterday
Excellent

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