When policy makers decide to revalue the currency, such an action generally represents
A) an increase in the pegged value of the domestic currency.
B) a decision to let the currency float.
C) a reduction in the foreign price level.
D) an increase in the domestic price level.
E) none of the above
A
Economics
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The implementation lag for fiscal policy ________ it is for monetary policy
A) can be much longer than B) is generally much shorter than C) is usually the same as D) There is not an implementation lag for fiscal policy.
Economics
Suppose that when the price of oranges decreases, Sarita decreases her purchases of peaches. To Sarita
A) oranges and peaches are normal goods. B) oranges and peaches are substitutes. C) oranges and peaches are complements. D) oranges and peaches are inferior goods.
Economics