If the Dollar Price of the English Pound Goes from $1.50

question 69

Multiple Choice

If the dollar price of the English pound goes from $1.50 to $2.00,the dollar has

• A)appreciated,and the English will find U.S.goods cheaper.
• B)appreciated,and the English will find U.S.goods more expensive.
• C)depreciated,and the English will find U.S.goods cheaper.
• D)depreciated,and the English will find U.S.goods more expensive.

---

Definitions:

Government Surveys

Data collection tools used by governments to collect information about populations, economic indicators, public opinions, or conditions within the country.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to monitor inflation.

Consumer Price Index

A benchmark that evaluates the mean change through time in the outlay by urban consumers for a chosen collection of consumer items and services.

Standard of Living

The level of wealth, comfort, material goods, and necessities available to a person or community.