Everything else equal, when domestic currency appreciates against a foreign curr

Question

Everything else equal, when domestic currency appreciates against a foreign currency: A. the nominal exchange rate goes up. B. there is no change in the real exchange rate. C. there is no change in the nominal exchange rate. D. the nominal exchange rate goes down

Contractionary fiscal policy leads to a ________. A. leftward shift of the labor supply curve B. rightward shift of the labor supply curve C. leftward shift of the labor demand curve D. rightward shift of the labor demand curve

Which of the following factors of production is least likely to show diminishing marginal product? A. Land B. Capital C. Technology D. Labor

Explanation / Answer

(1) The correct answer is option (D) which is the nominal exchange rate goes down.

(2) The correct answer is option (A) which is leftward shift of the labour supply curve.

(3) The correct answer is option (A) which is Land

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