A) Price of a Pound Will Increase to $3

question 93

Multiple Choice

• A) price of a pound will increase to $3.
• B) price of a dollar will increase to 3 pounds.
• C) shortage equal to ab would be met using international monetary reserves.
• D) payment deficit will cause changes in domestic price and income levels, shifting demand to the left and supply to the right, and reestablishing the original exchange rate.

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Definitions:

Depressant

A category of psychoactive drugs that reduce arousal and stimulation, affecting the central nervous system to slow down bodily functions.

Nervous System

A complex network of nerves and cells that transmit signals between different parts of the body, coordinating its actions and sensory information.

Activity Decrease

A reduction in the level of physical or mental action or the frequency of activities.

Social Control

Mechanisms, strategies, and institutions society uses to regulate individual behavior and maintain social order.