If a country is in a major recessionary phase of the business cycle, one can expect that its currency will
a. revalue.
b. devalue.
c. appreciate.
d. depreciate.
c
You might also like to view...
On average, expansions in the United States have become ________, and recessions have become ________ since 1950
A) longer; longer B) longer; shorter C) shorter; longer D) shorter; shorter
Appendix: An incentive-compatible mechanism for revealing true willingness to pay in a private value auction is
a. impossible b. a Dutch auction c. a second-highest sealed bid auction d. a sequential auction with open bidding e. a discriminatory price all-or-nothing auction.
The research of economists Stevenson and Wolfers tends to support the Easterlin paradox
Indicate whether the statement is true or false
Which of the following is false?
A. In general, the deregulation of the airlines and interstate trucking industries led to higher costs and higher prices. B. Since the early 1980s the size of companies acquired in mergers has been getting larger. C. The rule of reason is partially in force today as firms are subject to prosecution if they control 60% of the relevant market and have behaved badly toward their competitors. D. When two firms in the same industry form one larger company it is called a horizontal merger.