If a country experiences a high rate of inflation, then the demand for that country's currency will increase
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The balance sheet of a bank shows its
A) assets and liabilities. B) earnings and expenses. C) revenues and costs. D) profits and losses.
If we assume competitive labor markets, the supply curve of labor when the firm is a monopoly is
A) upward sloping. B) vertical. C) horizontal. D) downward sloping.
If the economy in the graph shown is currently at point D, we can conclude the:
A. economy is in an economic boom.
B. government may want to enact contractionary fiscal policy.
C. unemployment rate is likely very low.
D. All of these are likely to be true.
The classical economists assumed that
A. monopoly was widespread in the economy. B. wages and prices were sticky in going downward. C. wages and prices were flexible. D. government intervention in the economic system was necessary and helpful.