As part of the "exchange rate channel of monetary policy," a higher money supply causes a __________ interest rate and thus __________ of the domestic currency
A) higher; appreciation
B) higher; depreciation
C) lower; appreciation
D) lower; depreciation
D
Economics
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Monopolies can make an economic profit in the long run because of
A) rent seeking by competitors. B) the elastic demand for the monopoly's product. C) the cost-savings gained by the monopoly. D) barriers to enter the monopoly's market.
Economics
Differentiate between an income effect and a substitution effect
What will be an ideal response?
Economics