The currencies of Poland and Iceland (the zloty and the krona, respectively) declined in value relative to the euro following the financial crisis of 2008. This means that the

A) zloty and krona appreciated in value against the euro.
B) euro depreciated in value against the zloty and the krona.
C) zloty and krona depreciated in value against the euro.
D) zloty depreciated in value against the krona.
E) Both A and B are correct.

C

Economics

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If the Fed is concerned about inflation, its actions ________ long-term interest rates so that investment ________ and net exports ________

A) lower; increases; decrease B) raise; decreases; decrease C) lower; increases; increase D) raise; increases; increase E) lower; decreases; decrease

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Health and education are two of the lynch pins of economic development.

Answer the following statement true (T) or false (F)

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