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

---

Definitions:

Air Traffic Control

A service provided to regulate and monitor air traffic to ensure safety and efficient flow of aircrafts in the skies and on the ground.

RICO Act

The Racketeer Influenced and Corrupt Organizations Act, a U.S. federal law designed to combat organized crime by allowing prosecution of all individuals involved in a corrupt organization.

Arson

The willful or malicious act of causing the burning of another’s property.

Aggravated Burglary

In criminal law, gaining unlawful entry to an occupied building by using a deadly weapon, inflicting actual harm, attempting to harm, or threatening to harm, with the intent to commit a crime.