Which of the following would not shift the demand for pounds curve to the right?
A) An increase in real U.S.GDP.
B) A decrease in U.S.interest rates.
C) A decrease in real U.S.GDP.
D) An increased taste for British goods by Americans.
E) None of the above.

Question

Quizplus · Accepted Answer

A decrease in real U.S. GDP would decrease the demand for pounds as Americans would have less income to spend on British goods and services. The other options (A, B, D) would all increase the demand for pounds. Therefore, option E (none of the above) is incorrect.

Which of the Following Would Not Shift the Demand for Pounds