Under a floating exchange-rate regime with a high degree of capital mobility, in the short run an expansionary fiscal policy will most likely create pressure on
A. the domestic currency to appreciate.
B. monetary authorities to revalue the domestic currency.
C. monetary authorities to devalue the domestic currency.
D. the domestic currency to depreciate.
Answer: A
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The coupon rate of a bond is equal to
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_____ is the decline in value over time of capital equipment
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