
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 1
The exchange rate between the U.S. dollar and the British pound starts at $1 = £0.5. It then changes to $1 = £0.75. Given this change, we would say that the U.S. dollar has __________ while the British pound has ___________.
A) Depreciated; appreciated.
B) Depreciated; depreciated.
C) Appreciated; depreciated.
D) Appreciated; appreciated.
A) Depreciated; appreciated.
B) Depreciated; depreciated.
C) Appreciated; depreciated.
D) Appreciated; appreciated.
Explanation
Hence, the correct answer is c. Apprecia...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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