When exchange rates are set by government decree,
a. appreciation is called devaluation.
b. depreciation is called devaluation.
c. depreciation is called deflation.
d. appreciation is called inflation.
b
Economics
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The foreign holdings of U.S. dollars
a. reduce the living standards of Americans. b. are not included in the M1 money supply. c. account for approximately half of all U.S. currency issued by the Fed. d. are hard to explain since the dollar is not legal tender outside the United States.
Economics
"Being the only seller in the market, the monopolist can choose any price and quantity it desires." Evaluate this statement: Is it true or false? Explain your answer
What will be an ideal response?
Economics