An alternative to maintaining an undervalued currency is to ________ the fundamental value of the exchange rate by ________ monetary policy.

According to this Application, the decline in population caused by the Black Death resulted in ________ real wages and ________ total output

A) lower; less B) lower; more C) higher; more D) higher; less

Economists generally prefer greater effort made to force internalization of externalities through taxes rather than using alternative approaches, such as establishing pollution standards

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