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The U

Economics

The U.S. dollar exchange rate (units of foreign currency per U.S. dollar) for currencies of countries with high inflation rates relative to the United States has tended to and the U.S. dollar exchange rate (units of foreign currency per U.S. dollar) for currencies of countries with low inflation rates relative to the United States has tended to A) depreciate; appreciate B) appreciate; depreciate C) depreciate; depreciate D) appreciate; appreciate 93. Exhibit: The Capital-Labor Ratio 8(k) -sf (*) ky In this graph, starting from capital-labor ratio ki, the capital-labor ratio will: A) remain constant B) first decrease and then remain constant. C) decrease. D) increase 94. The IS-LM model is generally used: A) only in the short run. B) only in the long run. C) in determining the price level. D) both in the short run and the long run.

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