Figure 19.1

-Referring to Figure 19.1, the dollar is likely to appreciate if the exchange rate is either ________ or ________ pesos to the dollar.

Name: Figure 19.1 -Referring to Figure 19.1, the dollar is likely to appreciate if the exchange rate is either ________ or ________ pesos to the dollar.
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Question

Figure 19.1
 
-Referring to Figure 19.1, the dollar is likely to appreciate if the exchange rate is either ________ or ________ pesos to the dollar.

Quizplus · Accepted Answer

The dollar is likely to appreciate if the exchange rate is either 10 or 11 pesos to the dollar. This is because the dollar is worth more when it takes more pesos to buy one dollar.

Figure 19.1 -Referring to Figure 19.1, the Dollar Is Likely to Appreciate