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Author Question: Suppose a country with a fixed exchange rate decides to reduce the price of its currency. This ... (Read 305 times)

deesands

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on: Jun 30, 2018
Suppose a country with a fixed exchange rate decides to reduce the price of its currency. This change in policy is called
 
  A) an appreciation.
  B) a depreciation.
  C) a peg.
  D) a devaluation.
  E) a revaluation.

Question 2

Assume that employment decreases by 3. Holding all other factors constant, we know with certainty that which of the following will occur?
 
  A) output will decrease by 3
  B) output per capita will decrease by 3
  C) output will decrease by less than 3
  D) the capital labor ratio will decrease
  E) none of the above


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sarajane1989

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

E

Answer to Question 2

C


deesands

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Reply #2 on: Jun 30, 2018
Thank you :)


sarajane1989

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Reply #3 on: Jun 30, 2018
Happy to help you


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