If a government runs a fixed exchange rate system and increases the dollar price of its currency, we say there has been a(n)
a. appreciation of the foreign currency
b. depreciation of the foreign currency
c. revaluation of the foreign currency
d. devaluation of the foreign currency
e. fixing of the foreign currency
C
Economics
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A single-price monopoly has a marginal revenue curve that is
A) horizontal and equal to price. B) downward sloping and lies below the demand curve. C) upward sloping and is the same as its supply curve. D) downward sloping and lies above the demand curve. E) vertical at the profit-maximizing quantity.
Economics
An increase in public saving has what impact on the market for loanable funds?
A) The demand for loanable funds decreases. B) The supply of loanable funds decreases. C) The supply of loanable funds increases. D) The demand for loanable funds increases.
Economics