When price of a foreign currency falls, the supply of that foreign currency also falls. Explain, why.
CBSE OUTSIDE DELHI - SET 1 2011
Download our app for free and get started
When price of foreign currency falls it makes exports and investments by foreign residents costlier. As a result supply of foreign currency falls.
Download our app
and get started for free
Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*
What is the marginal propensity to import when M = 60 + 0.06Y? What is the relationship between the marginal propensity to import and the aggregate demand function?