The U.S. interest rate has ________ on the supply of dollars and ...

[swpotter12]

The U.S. interest rate has ________ on the supply of dollars and has ________ on the demand for dollars.
 
  A) an effect; an effect
  B) no effect; no effect
  C) an effect sometimes; an effect sometimes
  D) no effect; an effect
  E) an effect; no effect

Question 2

During 2005, real GDP in Ireland grew 9.8 percent. If Ireland maintains this level of growth in the future, real GDP will double in approximately how many years?
 
  What will be an ideal response?

[dominiqueenicolee]

Answer to Question 1

A

Answer to Question 2

With an annual growth rate of 9.8 percent, the Rule of 70 shows that Ireland's real GDP will double in approximately 70  9.8 = 7.1 years.