A persistent shortage of yen at a given fixed exchange rate (in dollars per yen) is evidence that the yen is ________ versus the dollar. This shortage can be reduced or eliminated through a ________ of the yen
A) overvalued; revaluation B) undervalued; devaluation
C) overvalued; devaluation D) undervalued; revaluation
D
Economics
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Which type of unemployment is associated with the slump in aggregate demand that accompanies a recession?
A) structural unemployment B) cyclical unemployment C) expansionary unemployment D) frictional unemployment
Economics
The basic federal "antitrust" law prohibiting combinations in restraint of trade and attempts to monopolize is the
A) Clayton Act. B) Miller-Tydings Act. C) Robinson-Patman Act. D) Sherman Act. E) Taft-Hartley Act.
Economics