Author Question: The quantity of real GDP demanded equals 16.2 trillion when the price level is 90. If the price ... (Read 98 times)

Metfan725 · **on:** Jun 29, 2018

The quantity of real GDP demanded equals 16.2 trillion when the price level is 90. If the price level rises to 95, the quantity of real GDP demanded equals

A) less than 16.2 trillion.
B) 16.2 trillion.
C) more than 16.2 trillion.
D) more information is needed to determine if the quantity of real GDP demanded increases, decreases, or does not change.

Question 2

Relative to the yen, from 2007-2012 the U.S. dollar

A) appreciated due to an increase in the interest rate differential and expectations of a higher future exchange rate.
B) appreciated due to a decrease in the interest rate differential and expectations of a lower future exchange rate.
C) depreciated due to an increase in the interest rate differential and expectations of a higher future exchange rate.
D) depreciated due to a decrease in the interest rate differential and expectations of a lower future exchange rate.