If it is said that a currency is overvalued against the dollar, ...

[deesands]

If it is said that a currency is overvalued against the dollar, it is meant that:
 
  A) the dollar is worth more of that currency than it would have been under a fixed exchange rate regime.
  B) the dollar is worth less of that currency than it would have been under a fixed exchange rate regime.
  C) the dollar is worth less of that currency than it would have been under a flexible exchange rate regime.
  D) the dollar is worth less of that currency than it would have been under a managed exchange rate regime.

Question 2

The long-run aggregate supply curve is horizontal.
 
  Indicate whether the statement is true or false

[zhanghao]

Answer to Question 1

C

Answer to Question 2

FALSE

[deesands]

Thanks for the timely response, appreciate it

[rachel]

Excellent