The currency value of Agraria is set by government decree. Which of the following happens when the government alters the exchange rate so that its currency can buy more units of foreign currency?

Economics demonstrates that opening up unrestricted free international trade is beneficial to all nations. However, are there any losers from such a policy change?

What will be an ideal response?

Which of the following is characteristic of the Keynesian region of the aggregate supply curve?

a. The aggregate supply curve is vertical. b. RGDP is completely determined by aggregate demand. c. Wages and prices are flexible in the short run. d. Real values and nominal values are not equal.