Author Question: Devaluation of a country's currency is likely to. a. raise the prices of imported goods b. ... (Read 70 times)

xclash · **on:** Jun 30, 2018

Devaluation of a country's currency is likely to.

a. raise the prices of imported goods
b. reduce the prices of exported goods
c. shift resources into production of exported goods
d. raise all prices
e. all of the above

Question 2

In the IS-LM-BP model, when the price variable decreases, the

A) LM curve shifts out.
B) IS curve shifts out.
C) LM curve shifts in.
D) BP curve shifts up.