Other Things Being Equal, an Increase in the U

question 167

Multiple Choice

Other things being equal, an increase in the U.S. rate of inflation is likely to cause an increase in the

• A) quantity of U.S. exports.
• B) quantity of U.S. imports.
• C) demand for U.S. dollars.
• D) international value of the U.S. dollar.

---

Definitions:

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Operating Expenses

Costs associated with running the day-to-day operations of a business, such as rent, utilities, and payroll, but excluding costs related to production.

Revenue

The income generated from normal business operations and includes discounts and deductions for returned merchandise.

Denominator

The bottom number in a fraction that shows into how many equal parts the whole is divided.