Suppose a country with a fixed exchange rate decides to reduce the price of its currency. This change in policy is called
A) an appreciation.
B) a depreciation.
C) a peg.
D) a devaluation.
E) a revaluation.
E
Economics
You might also like to view...
In the Keynesian model in the long run, a decrease in the money supply will cause
A) a decrease in output and an increase in the real interest rate. B) an increase in the real interest rate but no change in output. C) a decrease in the real interest rate and a decrease in output. D) no change in either the real interest rate or output.
Economics
A realtor in the real estate market is an example of
A) an end user in a shared-input market. B) a platform in a shared-input market. C) a platform in a matchmaking market. D) an end user in a matchmaking market.
Economics