Answer to Question #102957 in Macroeconomics for Michael

Question

Which change in the rand-dollar foreign exchange market will cause the ZAR (rand) to appreciate and the amount of USD traded daily to increase?

1. A shift of the supply of the USD curve to the left
2. A shift of the supply of the USD curve to the right
3. A shift of the demand for the USD to the left
4. A shift of the demand for the USD to the right

B. If GDP is less than GDE ( gross domestic expenditure) ,then......

1. The country has a surplus on the current account
2. Exports are less than imports
3. The country is consuming less than it is producing
4. The country is a net export

Answer 1

A-2

B-2