In a fixed exchange rate system, an increase in the exchange rate ...

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In a fixed exchange rate system, an increase in the exchange rate at which a currency is pegged is called a(n)
 
  A) devaluation. B) revaluation. C) depreciation. D) appreciation.

Question 2

________ can trigger an expansion.
 
  A) An increase in autonomous expenditure
  B) A decrease in induced expenditure
  C) Equality between aggregate expenditure and real GDP
  D) A downward shift of the AE line
  E) A decrease in autonomous expenditure

[frogdreck123456]

Answer to Question 1

B

Answer to Question 2

A

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Excellent

[Animal_Goddess]

YES! Correct, THANKS for helping me on my review