If a currency increases in value in response to market forces, this process is known as

a. reflation.
b. revaluation.
c. appreciation.
d. value-added.

c

Economics

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A marginal benefit curve

A) is the same as a demand curve. B) is the same as a supply curve. C) slopes upwards. D) is a vertical line at the efficient quantity. E) is U-shaped.

Economics

The output gap is zero when

A) Actual real GDP > Natural real GDP. B) Actual real GDP = Natural real GDP. C) Actual real GDP < Natural real GDP. D) Natural real GDP = 0.

Economics