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Author Question: Suppose the current exchange rate between the euro and the United States dollar is 1.15 euros per ... (Read 150 times)

Zulu123

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on: Jun 29, 2018
Suppose the current exchange rate between the euro and the United States dollar is 1.15 euros per dollar. If interest rates in the United States increase and interest rates in Europe remain unchanged then
 
  A) the demand for dollars will increase.
  B) the demand for dollars will decrease.
  C) the demand for euros will increase.
  D) None of the above answers is correct.

Question 2

In the above figure, the short-run aggregate supply curve is SAS1. If technology advances, there is
 
  A) an upward movement along SAS1.
  B) a downward movement along SAS1.
  C) a shift to SAS0.
  D) a shift to SAS2.


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Amiracle

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

A

Answer to Question 2

D


Zulu123

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

TheDev123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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