When Policy Makers Decide to Devalue the Currency,such an Action

question 47

Multiple Choice

When policy makers decide to devalue the currency,such an action generally represents

• A)a decision to let the currency float.
• B)an increase in the pegged value of the domestic currency.
• C)a reduction in the foreign price level.
• D)a reduction in the domestic price level.
• E) none of the above

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Definitions:

Problem-Focused Strategies

Refers to coping methods aimed at addressing or changing the root cause of a stressor or problem.

Primary Appraisals

Part of coping that involves making decisions about whether a stimulus is stressful or not.

Richard Lazarus

An influential psychologist known for his research on stress, coping, and emotion.

Cognitive Appraisal Process

The process of evaluating an event or situation that leads to specific emotional reactions.