A country that exhausts its foreign exchange reserves and then resorts to devaluation may be said to have
a. adjusted its exchange rate
b. imposed import controls
c. imposed exchange controls
d. borrowed currencies in the foreign exchange market
e. borrowed foreign currencies from the IMF
A
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Suppose the economy currently has an inflationary ga
A) decrease aggregate demand, decrease prices, and decrease real GDP. B) increase short-run aggregate supply, decrease prices and increase real GDP. C) increase short-run aggregate supply, decrease in prices and decrease in real GDP. D) decrease aggregate demand, decrease prices, and increase real GDP.
If cyclical unemployment is eliminated in the economy, then
A) the unemployment rate is above the natural rate of unemployment. B) the economy is considered to be at full employment. C) the unemployment rate is below the natural rate of unemployment. D) the economy is at less than full employment.