Which of the following statements is true?
A) An overvalued domestic currency encourages exports.
B) A country can keep its currency overvalued against the dollar as long as its dollar reserves last.
C) A country can keep its currency overvalued against the dollar as long as it can print its own currency.
D) An undervalued domestic currency encourages imports.
B
Economics
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The long-run aggregate supply curve occurs at the level of real GDP consistent with
A) no inflation. B) the natural rate of unemployment. C) individuals' tastes and preferences. D) low levels of inflation.
Economics
An increase in the U.S. price level will: a. increase U.S. exports
b. increase U.S. imports. c. increase the quantity of RGDP demanded in the United States. d. both (a) and (c)
Economics