An increase in the market clearing exchange value of the home nation's currency in terms of the currency of another nation is a home currency
A) appreciation.
B) depreciation.
C) devaluation.
D) revaluation.
Answer: A
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The prisoners' dilemma is a game in which
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How can we use the information from the table shown to compare the real value of the 1979 salary to that of the one earned in 2009?
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B. You need to put the 2009 salary into real 2009 terms to compare it to 1979.
C. You need to put both salaries into real dollars in the same year for comparison.
D. There is no real way to compare the two without more information.