Solved

In the Long Run,a Rise in a Country's Price Level

Question 28

Multiple Choice

In the long run,a rise in a country's price level (relative to the foreign price level) causes its currency to ________,while a fall in the country's relative price level causes its currency to ________.


A) appreciate;appreciate
B) appreciate;depreciate
C) depreciate;appreciate
D) depreciate;depreciate

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions