If the demand effect dominates during a currency depreciation, then
a. real GDP should fall.
b. real GDP should increase.
c. the price level should fall.
d. net exports should decrease.
b
Economics
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Prices provide the rationing function best when
A) prices are flexible. B) prices are inflexible. C) they are used in conjunction with queuing. D) price controls are in place and ration coupons are used too.
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Monopolistically competitive firms produce differentiated products
Indicate whether the statement is true or false
Economics