In Practice

question 49

Multiple Choice

In practice

• A) changes in national price levels often tell us relatively little about exchange rate movements.
• B) changes in national price levels raise the exchange rate.
• C) changes in national price levels lower the exchange rate.
• D) changes in national price levels often tell us about exchange rate movements.
• E) changes in national price levels match identical changes in the exchange rate.

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Definitions:

Basketball

A team sport where players aim to score points by shooting a ball through a hoop at a certain height.

Inductive Strength

A property of some logical arguments such that it is improbable (but not impossible) for the premises to be true and the conclusion to be false.

Deductive Validity

The logical feature of an argument whereby if the premises are true, the conclusion must also be true.