When the official dollar price of a foreign currency is set below its equilibrium level, the foreign currency
A) has been depreciated.
B) is overvalued.
C) is undervalued.
D) is devalued.
E) is revalued.
C
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Refer to Budget Lines. Which of the following changes is consistent with the situation shown in the diagram?
a. The consumer's income fell.
b. The relative price of good X in terms of good Y fell.
c. The absolute price of good X rose, and the absolute price of good Y fell.
d. The absolute price of both goods rose, with the price of good X rising by the higher percentage.
A decrease in the price level will
A) shift the aggregate demand curve to the right. B) move the economy down along a stationary aggregate demand curve. C) move the economy up along a stationary aggregate demand curve. D) shift the aggregate demand curve to the left.
Conditional cash transfer programs are programs in which:
A. financial support is given only to people who engage in certain actions. B. financial support is given only to people who have paid into the program for a minimum amount of time. C. financial support is given only to people who agree to pay it back at reduced interest to the government in the future. D. None of these is true.
A social entrepreneur's central motivation in creating "for-benefit" corporations is to achieve social, not just economic, ends.
Answer the following statement true (T) or false (F)