If aggregate demand is stable and there is economic growth, the economy will experience
A. secular depreciation.
B. secular degeneration.
C. secular deflation.
D. secular decline.
Answer: C
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In the foreign-exchange market, trading
A) is restricted to the hours 10 A.M. to 3 P.M. New York time. B) may not take place after 5 P.M. London time. C) takes place at any hour of the night or day. D) takes place at prices set by the U.S. government in consultation with the governments of other leading countries.
If the firm hires 5 workers, the average cost equals
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