In the Long Run,a Rise in a Country's Price Level

question 46

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 rise in the country's relative productivity causes its currency to ________.

• A) appreciate; appreciate
• B) appreciate; depreciate
• C) depreciate; appreciate
• D) depreciate; depreciate

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Definitions:

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