Any Increase in the Demand for Foreign Exchange, Other Things

question 164

Multiple Choice

Any increase in the demand for foreign exchange, other things constant, will _____

• A) increase the number of dollars required to purchase one unit of foreign exchange.
• B) decrease the number of dollars required to purchase one unit of foreign exchange.
• C) cause the dollar to appreciate.
• D) cause the foreign currency to depreciate.
• E) have no effect.

Recognize the relationship between variables and how they are graphically represented.

Identify errors in causality and common fallacies in economic reasoning.

Understand the use and purpose of economic models in explaining real-world phenomena.

Distinguish between movements along a curve and shifts of the curve in economic models.

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