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In 1987,currency speculator Andy Krieger made a lucrative currency trade.Believing that the New Zealand dollar was overvalued,Krieger bet on its fall,selling hundreds of millions of dollars at a time and pushing its value down.He profited by re-buying New Zealand dollars when the price bottomed out.What Krieger was engaging in was a (an)
High Productivity
Indicates a significant output or efficiency in production or performance relative to the input of resources, time, or labor.
Technological Progress
The advancement and innovation in technology, leading to more efficient processes, improved products, and overall economic growth.
Unemployment
The state of being without a job despite actively seeking work, reflected as a percentage of the labor force.
National Standard
Officially recognized guidelines or specifications set by a country, covering various aspects such as quality, safety, and efficiency.
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