If the equilibrium exchange rate is 15 pesos per dollar and the central bank fixes the exchange rate at 17 pesos per dollar then we can conclude that the peso is

(a) appreciated.
(b) depreciated.
(c) overvalued.
(d) undervalued.


D

Economics

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Economics

The Fed's countercyclical policy during expansion and prosperity includes:

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Economics

Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: Cars SoldTrucks SoldLarry105Joe99Ralph312 Based on last month's data, ________ has an absolute advantage in selling cars and ________ has an absolute advantage in selling trucks.

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Economics