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Author Question: If Brazil experienced a period of rapid and unexpected inflation, causing Brazilians to lose ... (Read 125 times)

pepyto

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on: Jun 30, 2018
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.


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joshraies

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


pepyto

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Reply #2 on: Jun 30, 2018
Thank you


joshraies

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Reply #3 on: Jun 30, 2018
No problemo


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