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Author Question: If the U.S. exchange rate rises, the price to foreigners of U.S.-produced goods and services ... (Read 205 times)

abarnes

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  • Posts: 556
on: Jun 29, 2018
If the U.S. exchange rate rises, the price to foreigners of U.S.-produced goods and services ________ and the quantity of U.S. dollars demanded ________.
 
  A) rises; decreases
  B) rises; increases
  C) falls; decreases
  D) falls; increases

Question 2

The balance owed on credit cards in the United States in 2014 was 880 billion. When consumers pay off this balance in full,
 
  A) M1 will decrease by 880 billion.
  B) M1 will remain unchanged but M2 will decrease by 880 billion.
  C) neither M1 nor M2 will change.
  D) M1 will increase by 880 billion.


Loise Hard

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

A

Answer to Question 2

C


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