Under a flexible exchange rate system, an increase in the value of a domestic currency in terms of other currencies is referred to as

A) an appreciation.
B) a depreciation.
C) a devaluation.
D) a revaluation.

A

Economics

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The mean (average) income of 25 employees working in a firm is $1,754 per month. What is the total income of all the employees?

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An inflationary gap is the amount by which aggregate expenditures ____ the amount required to achieve full-employment equilibrium GDP

a. exceed b. equal c. fall short of d. are greater than

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