A country which does not devalue when financial markets expect it to will probably suffer
A) a real appreciation of its currency.
B) higher interest rates.
C) a default on its national debt.
D) all of the above
E) none of the above
B
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In Brown v. Topeka Board of Education, the Supreme Court established that
A) "separate educational facilities are inherently unequal." B) "educational facilities must remain segregated for the good of the majority." C) "educational facilities in the United States are not sufficiently segregated to require any government action." D) "individual states have the right to segregate educational facilities as they see fit."
The relationship between real GDP and potential GDP over the business cycle can be best summarized by which of the following statements?
A) Real GDP fluctuates around potential GDP. B) Real GDP is always equal to potential GDP. C) Real GDP cannot be greater than potential GDP. D) Real GDP cannot be less than potential GDP. E) Real GDP cannot be equal to potential GDP.