Based on the table above, equilibrium real GDP is A) 6 ...

[mspears3]

Based on the table above, equilibrium real GDP is
 
  A) 6 trillion. B) 7 trillion. C) 9 trillion. D) 8 trillion. E) 10 trillion.

Question 2

When the exchange rate between the U.S. dollar and the euro changes from 1.30 euros per dollar to 1.00 euro per dollar the dollar has ________ and European goods have become ________ to people in the United States so that quantity of U.S.
 
  dollars supplied ________.
  A) appreciated; more expensive; decreases
  B) depreciated; cheaper; increases
  C) depreciated; more expensive; decreases
  D) depreciated; cheaper; decreases
  E) appreciated; cheaper; increases

[nital]

Answer to Question 1

B

Answer to Question 2

C