When a country decreases the official value of its currency, for example, Russia changes the value of the ruble from $.16 to $.04, it is said to have ____ its currency
a. floated
b. revalued
c. devalued
d. depreciated
c
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The "New Deal" programs of the 1930s aimed at
(a) transforming American capitalism into a planned socialist economy. (b) introducing short-term measures to cure the depression but no fundamental changes in the American economy. (c) introducing measures to deal with the crises and cure the depression combined with measures to restructure important aspects of the economy and increase the role of government in it. (d) reintroducing laissez-faire policies (non-government intervention) like those that had worked in the 19th century.
The economy is considered to be at full employment when
a. structural unemployment is zero b. frictional plus structural unemployment is less than the natural rate c. the leading economic indicators are unchanged for two consecutive quarters d. the actual rate of unemployment equals the natural rate e. the unemployment rate is zero