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Author Question: In 2011, a dollar could be traded for 100 yen and in 2012 a dollar could be traded for 90 yen. ... (Read 60 times)

evelyn o bentley

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on: Jun 29, 2018
In 2011, a dollar could be traded for 100 yen and in 2012 a dollar could be traded for 90 yen. Between these two years, the dollar has become ________ valuable and so the dollar has ________.
 
  A) more; appreciated against the yen
  B) less; depreciated against the yen
  C) more; appreciated against the dollar
  D) less; appreciated against the yen
  E) more; depreciated against the yen

Question 2

According to the equation of exchange, if velocity and real GDP do not change, a 3 percent increase in the quantity of money
 
  A) raises the price level by 3 percent.
  B) raises the price level by 3  (velocity).
  C) raises the price level by less than 3 percent.
  D) lowers the price level by 3  (real GDP).
  E) lowers the price level by 3 percent.


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scottmt

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

B

Answer to Question 2

A


evelyn o bentley

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Viet Thy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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