Everything else held constant, if a central bank makes a sterilized sale of foreign assets, then the domestic currency will

A) appreciate.
B) depreciate.
C) either appreciate, depreciate, or remain constant.
D) not be affected.


D

Economics

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Q: How many economists does it take to change a light bulb? A: All. Because then you will generate employment, more consumption, moving the aggregate demand curve to the right. This joke represents the view of

A) classical economists. B) Keynesian economists. C) economists who contend that money illusion never occurs. D) economists who conclude that wages and prices are very flexible.

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If a union is able to increase the demand for union-made goods,

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If MPPa/Pa > MPPb/Pb, then the proportions of these two inputs is optimal

a. True b. False Indicate whether the statement is true or false

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