If the price level in Japan increases more rapidly than the price level in Britain, we would expect
A) interest rates in Japan to lower than interest rates in Britain.
B) the Japanese yen to depreciate against the British pound.
C) the British pound to depreciate against the Japanese yen.
D) Japanese productivity to have increased more rapidly than British productivity.
B
Economics
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In the long run, a profit-maximizing firm in a monopolistically competitive market operates at
a. efficient scale. b. a level of output at which average total cost is rising. c. a level of output at which average total cost is falling. d. the level of output at which total revenue is maximized.
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Of the 197 bank failures from 2000 through 2009, approximately _________ percent occurred during the Great recession years of 2008 and 2009.
A. 40 B. 60 C. 80 D. 90
Economics