Suppose the official gold value of the Brazilian real changes from 527 reals per ounce to 508 reals per ounce. We can then say that:
a. the Brazilian real has depreciated in value as a consequence of free market fluctuations.
b. the Brazilian real has appreciated in value.
c. gold is now more expensive to purchase in Brazil than it was before.
d. the Brazilian real has been devalued.
e. the Brazilian economy is expected to experience rapid inflation.
b
Economics
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For a monopolistically competitive firm, marginal revenue
A) equals the price. B) is greater than the price. C) is less than the price. D) and the price are unrelated.
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In the graph showing aggregate demand and aggregate supply after a negative supply shock, we can see that at Point B, ______ at Point A.
a. RGDP is higher than
b. RGDP is lower than
c. price levels are the same as
d. price levels are lower than
Economics