The tendency for declines in economic activity to be followed by further declines, and for growth in economic activity to be followed by more growth is called

If decreasing long-run average cost is inherent in an industry's technology, then only one supplier can satisfy the entire market

Indicate whether the statement is true or false

For a major country with extensive capital flows, what is the effect of an increase in interest rates?

a. a currency depreciation and increased net exports b. a currency depreciation and reduced net exports c. a currency appreciation and increased net exports d. a currency appreciation and reduced net exports