During a hyperinflation the real domestic value of a country's currency
a. falls and its nominal exchange rate depreciates.
b. falls and its nominal exchange rate appreciates.
c. rises and its nominal exchange rate depreciates.
d. rises and its nominal exchange rate appreciates.
a
Economics
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Graphically, the effect of a government subsidy on a good is shown as
A) a leftward shift of the market demand curve. B) a rightward shift of the market demand curve. C) a downward movement along the market demand curve. D) no change to the market demand curve.
Economics
In the long run in a monopolistically competitive industry,
a. economic profit will be positive b. the price will be driven to zero c. the firm will not operate where MR = MC d. economic profit will be zero e. the price will exceed average total cost
Economics