Other Things Equal, a Market-Determined Increase in the Dollar Price

question 116

Multiple Choice

Other things equal, a market-determined increase in the dollar price of the pound is associated with

• A) revaluation of the dollar.
• B) devaluation of the dollar.
• C) appreciation of the dollar.
• D) depreciation of the dollar.

---

Definitions:

Imply

To suggest or express something indirectly, without stating it explicitly.

Translation

The process of converting text or speech from one language to another.

Tautology

A redundant or repetitive statement in which the conclusion is equivalent to the premise.

Logic of Statements

Concerns the principles and criteria for evaluating the validity and coherence of declarative sentences that assert something.