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Author Question: In 2005, China increased the price of its currency while continuing to pursue a fixed exchange rate. ... (Read 78 times)

jrubin

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on: Jun 30, 2018
In 2005, China increased the price of its currency while continuing to pursue a fixed exchange rate. This change in policy is called
 
  A) an appreciation.
  B) a depreciation.
  C) a peg.
  D) a devaluation.
  E) a revaluation.

Question 2

If output per capita grows by a constant 3 per year, then the standard of living would grow by about ________ over 4 years.
 
  A) 13
  B) 14
  C) 15
  D) 16
  E) 17


strudel15

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


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