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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