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 rise in the country's relative productivity causes its currency to ________.
A) appreciate; appreciate
B) appreciate; depreciate
C) depreciate; appreciate
D) depreciate; depreciate
Correct Answer:
Verified
Correct Answer:
Verified
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Q47: A fall in the expected future exchange
Q48: Explain graphically how a change in the
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