An Increase in the U

question 232

Multiple Choice

An increase in the U.S. demand for Japanese yen causes

• A) an increase in the dollar price of a yen.
• B) an increase in the yen price of a dollar.
• C) an increase in the demand for U.S. goods.
• D) a decrease in the supply of yens.

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Definitions:

Socioeconomic

Pertaining to the relationship between social and economic elements.

Neo-classical

Pertaining to a 19th and early 20th-century revival of interest in classical economic theories, focusing on marginal utility, distribution of resources, and the roles of supply and demand.

Classical Economic

refers to a school of thought in economics that emphasizes the importance of free markets, competition, and the self-regulating nature of economic systems, originating mainly from the ideas of Adam Smith.

Concentric

Having a common center, as in circles or spheres that are inside one another.