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:

Human Skills

The ability to interact effectively and harmoniously with other people.

Management Levels

The different layers of management in an organization, typically including top-level (executives), middle, and front-line (supervisory) managers, each with specific responsibilities.

Technical Skills

The specialized knowledge and expertise required to perform specific tasks, particularly relating to operational and scientific fields.

Conceptual Skills

The ability to understand complex ideas and the interconnections between them, crucial for strategic planning and problem solving.