When exchange rates are set by government decree,
a. appreciation is called devaluation.
b. depreciation is called devaluation.
c. depreciation is called deflation.
d. appreciation is called inflation.
b
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An indication to the Open Market Account Manager that commercial banks are experiencing a liquidity shortage would be a
A) falling federal funds rate. B) rising federal funds rate. C) falling discount rate. D) rising discount rate.
Suppose that one can read a graph that shows information about price and quantity of some product. Relying solely on the graph, is it possible to explain the relationship between the two variables?
Since 1950, the balance of trade for United States has
A) gone from a surplus to a deficit. B) gone from a deficit to a surplus. C) remained constant. D) gone from a small deficit to a larger deficit.
Any change that causes an increase in the demand for labor at a given wage rate will be represented by a(n) ________, assuming all else equal
A) rightward shift of the labor demand curve B) leftward shift in the labor demand curve C) downward movement along the labor demand curve D) upward movement along the labor demand curve