A currency revaluation is a(n):
A. increase in the value of a currency relative to other currencies.
B. increase in the official value of a currency in a fixed-exchange-rate system.
C. decrease in the value of a currency relative to other currencies.
D. reduction in the official value of a currency in a fixed-exchange-rate system.
Answer: B
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An individual's wealth constraint is determined by
a. the individual's level of education b. the facts that wealth is given and so she must give up one kind of wealth in order to acquire another c. overall conditions in the economy d. the amount of wealth the individual chooses to hold in the form of money e. the value of corporate stock
Reference pricing
A. shifts market share to providers with lower prices. B. causes some firms to cut prices. C. appears to reduce costs. D. All of the above
Refer to the information provided in Table 13.1 below to answer the question(s) that follow. Table 13.1Price ($)Quantity4.002,0003.502,4003.002,8002.503,2002.003,6001.504,0001.004,400Refer to Table 13.1. If a monopoly faces the demand schedule given in the table, what is its marginal revenue from the 4,000th unit it sells?
A. -$3 B. $1.50 C. $3 D. $1,200
If the dollar depreciates in value relative to foreign currencies, then aggregate:
A. Demand decreases B. Demand increases C. Supply and aggregate demand increase D. Supply and aggregate demand decrease