Author Question: If the Japanese price level falls relative to the price level in the United States, then: a. ... (Read 83 times)

anjilletteb · **on:** Jun 30, 2018

If the Japanese price level falls relative to the price level in the United States, then:
a. Japanese buy less U.S. exports.
b. the demand for dollars decreases.
c. the supply of dollars increases.
d. the value of the dollar falls.
e. all of these are true.

Question 2

The marginal propensity to consume (MPC) is the change in consumption divided by the change in saving.
a. True
b. False
Indicate whether the statement is true or false