If Prices Double in New York While the Prices in Germany

question 77

Multiple Choice

If prices double in New York while the prices in Germany remain the same, the purchasing power of the dollar relative to the euro

• A) should increase by 50%.
• B) should increase by 100%.
• C) should decrease by 50%.
• D) should decrease by 100%.

---

Definitions:

College Professors

Academic professionals who teach, lecture, and conduct research in colleges or universities.

Wage

The fixed amount of money or compensation paid to an employee by an employer in exchange for work performed.

Lumber Prices

The cost or price of wood or timber, which can fluctuate based on factors like supply and demand, environmental regulations, and economic conditions.

Home Construction

The process of building residential structures, such as houses and apartments, often involving design, planning, and assembly of materials.