A $1,000 price tag on a stereo system is an example of money as a unit of account

Stagflation occurs when short-run aggregate supply decreases

Indicate whether the statement is true or false

If the exchange rate of the English pound goes from $1.80 to $1.60, the pound has

a. appreciated, and the English will find U.S. goods cheaper. b. appreciated, and the English will find U.S. goods more expensive. c. depreciated, and the English will find U.S. goods more expensive. d. depreciated, and the English will find U.S. goods cheaper.