During the Great Recession of 2008-2009, the Dollar Increasingly Was

question 198

Multiple Choice

During the Great Recession of 2008-2009, the dollar increasingly was viewed as a safe-haven currency, as investors fled to it when they worried about the stability of the global economy.As investors fled to the dollar,

• A) the demand for dollars increased and the dollar's exchange value appreciated.
• B) the demand for dollars increased and the dollar's exchange value depreciated.
• C) the demand for dollars decreased and the dollar's exchange value appreciated.
• D) the demand for dollars decreased the dollar's exchange value depreciated.

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Definitions:

Masonry Firm

A business that specializes in the construction and repair of structures made from brick, stone, and similar materials.

Price

The financial sum needed for the purchase of a product or service.

Marginal Product

The change in output resulting from employing one more unit of a specific input, keeping all other inputs constant.

Bricklayers

Expert craftsmen specialized in using bricks, blocks, and various building materials to build or mend walls, partitions, arches, and additional structural elements.