In June 2008, the dollar bought 1.6 Brazilian reals and in ...

[nautica902]

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

[ong527]

Answer to Question 1

A

Answer to Question 2

D

[nautica902]

Thanks for the timely response, appreciate it

[amit]

Excellent