If the value of the domestic currency depreciates:
a. Aggregate demand and aggregate supply rise.
b. Aggregate demand rises and aggregate supply falls.
c. Aggregate demand and aggregate supply fall.
d. Neither aggregate demand nor aggregate supply change.
e. None of the above.
.B
Economics
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How are the wage rate and employment determined in a competitive labor market?
What will be an ideal response?
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The infant industry argument calls for active government involvement
A) only if the government forecasts are accurate. B) only if some market failure can be identified. C) only if the industry is not one already dominated by industrial countries. D) only if the industry has a high value added. E) only if the industry is independently able to earn high returns.
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