Which of the following could be responsible for the depreciation of a country's currency?
A. The country expands its tourist industry.
B. The country experiences a sudden drop in the rate of inflation while other nations do not.
C. Speculators anticipate economic growth in that nation.
D. The country defaults on bonds held by foreigners.
Answer: D
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Indicate whether the statement is true or false
Supply curves that are horizontal are called perfectly elastic and have an infinite elasticity, whereas supply curves that are vertical are called perfectly inelastic and have a zero elasticity
a. True b. False Indicate whether the statement is true or false
How frequently is the survey that determines unemployment released?
a. quarterly b. yearly c. weekly d. monthly
When the price level falls the quantity of
a. consumption goods demanded rises, while the quantity of net exports demanded falls.
b. consumption goods demanded and the quantity of net exports demanded both rise.
c. consumption goods demanded and the quantity of net exports demanded both fall.
d. consumption goods demanded falls, while the quantity of net exports demand rises.