Many economists challenged the idea of passive government involvement in the economy following the inflation of the 1970s and early 1980s, and the recessions of 1974-1975 and 1980-1982.

When a nation's currency appreciates, it purchases ___ units of a foreign currency and its currency is said to__

a. fewer; strengthen b. more; strengthen c. fewer; weaken d. more; weaken

Monopolization of either the labor market or the output market results in

A) higher wages than when both are competitive. B) a higher output price than when both are competitive. C) a higher level of output than when both are competitive. D) All of the above.