Author Question: The economy of Suielevia is under severe financial distress. Over the last few months, the economy ... (Read 16 times)

CharlieWard · **on:** Jul 14, 2018

The economy of Suielevia is under severe financial distress. Over the last few months, the economy has gradually picked up and the employment levels are slowly rising back to the normal levels. The consumers are also beginning to engage in regular buying activities. In this case, the economy of Suielevia is currently in the _____ phase of its business cycle.
A) recovery
B) deflation
C) inflation
D) hyperinflation

Question 2

A currency devaluation increases the cost of foreign goods and ____ the cost of domestic goods to foreign firms.
A) devalues
B) increases
C) balances
D) decreases
E) restricts