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

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Definitions:

Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Dying Process

The final stage of life characterized by the gradual cessation of bodily functions leading to death.

Self-Transcendence

A psychological concept involving the overcoming of the limits of the individual self and the expansion of personal boundaries, often leading to a sense of connection to a higher reality, nature, or humanity as a whole.

Hierarchy Of Needs

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated by increasingly complex needs, starting from basic physical requirements to more advanced self-fulfillment desires.