Between 1900 and 2007, the ratio of actual to natural real GDP hit its low point in

A currency is undervalued if its exchange rate vis-à-vis a foreign currency is:

A) not pegged. B) at the equilibrium exchange rate. C) above the equilibrium exchange rate. D) below the equilibrium exchange rate.

Indifference curves on the same indifference map can have different shapes

Indicate whether the statement is true or false