This topic contains a solution. Click here to go to the answer

Author Question: If Brazil experienced a period of rapid and unexpected inflation, causing Brazilians to lose ... (Read 138 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
If Brazil experienced a period of rapid and unexpected inflation, causing Brazilians to lose confidence in the local currency (real) as a store of value, which of the following would be least likely to occur?
 a. The value of the Brazilian real would depreciate on the foreign exchange market.
  b. Foreign currency would be used as a substitute for the real.
  c. The real would be used as a store of value in other countries
  d. Brazilians would save less.
  e. The purchasing power of the real would decrease.

Question 2

If a shortage exists in a market, then we know that the actual price is
 a. above the equilibrium price, and quantity supplied is greater than quantity demanded.
  b. above the equilibrium price, and quantity demanded is greater than quantity supplied.
  c. below the equilibrium price, and quantity demanded is greater than quantity supplied.
  d. below the equilibrium price, and quantity supplied is greater than quantity demanded.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joshraies

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

c

Answer to Question 2

c





 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

For a complete list of videos, visit our video library