In 2011, a dollar could be traded for 100 yen and in 2012 a ...

[evelyn o bentley]

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.

[scottmt]

Answer to Question 1

B

Answer to Question 2

A

[evelyn o bentley]

Thanks for the timely response, appreciate it

[komodo7]

YES! Correct, THANKS for helping me on my review