The domestic currency is said to be ________ if it has appreciated at a lower rate than the difference between the domestic inflation rate and the higher foreign inflation rate

Fiscal policy involves ________

A) taxes and government spending B) setting interest rates C) controlling the amount of money in the economy D) all of the above E) none of the above

Refer to the below table. If firm A chooses its dominant strategy and firm B chooses a strategy that is not dominant, then the payoffs will be

Answer the question based on the following payoff matrix for a duopoly in which the numbers indicate the profit from following either an international strategy or a national strategy.



A. $3M for both firms.
B. $17M for both firms.
C. $15 for firm A and $5 for firm B.
D. $5 for firm A and $15 for firm B.