In June 2008, $1 Bought 0

question 297

Multiple Choice

In June 2008, $1 bought 0.5 pounds and in October, $1 bought 0.65 pounds. As a result of this change, between June and October.

• A) there was a rightward shift in the demand curve for dollars.
• B) there was a movement down along the demand curve for dollars.
• C) there was a movement up along the demand curve for dollars.
• D) the dollar depreciated.

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