{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

CHAPTER 32 - Chapter32 Economy 1 a resourcemarkets b c...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 32/A Macroeconomic Theory of the Open Economy 189 Chapter 32 A Macroeconomic Theory of the Open  Economy 1. Households make their savings available to borrowers through a. resource markets. b. the loanable funds market. c. the labor market.  d. taxes. ANSWER: b the loanable funds market. SECTION: 1 OBJECTIVE: 1 2. The supply of funds curve is upward sloping because a rise in the interest rate 3. Market clearing in the loanable funds market 4. Which of the following changes would cause a movement along the U.S. demand curve for a  foreign currency? 5. As the U.S. interest rate falls relative to the British interest rate, a. the U.S. demand curve for pounds will not change. b. the U.S. demand curve for pounds will shift to the left. c. the U.S. demand curve for pounds will shift to the right. d. there will be a move down the existing U.S. demand curve for pounds. ANSWER: c the U.S. demand curve for pounds will shift to the right. SECTION: 1 OBJECTIVE: 1
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
190 Chapter 32/A Macroeconomic Theory of the Open Economy
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern