When the domestic currency is initially undervalued in a fixed exchange rate regime, the central bank must intervene in the foreign exchange market to ________ the domestic currency, thereby allowing the money supply to ________

The policy of attempting to obtain a specific low level of inflation over the long run is referred to as:

A) inflation targeting. B) the seigniorage policy. C) the minimal inflation policy. D) price control.

The United States has not experienced a recession as severe as the 2007-2009 downturn since the 1930s

a. True b. False Indicate whether the statement is true or false