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Chako Chako
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8 years ago
Under fixed exchange rates, which one of the following statements is the MOST accurate?
A) Devaluation has no effect on output.
B) Devaluation causes a decrease in output and in official reserves.
C) Devaluation causes a rise in output.
D) Devaluation causes a rise in output and a decrease in official reserves.
E) Devaluation causes a decrease in output.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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8 years ago
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Chako Author
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#2
8 years ago
Correct!
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#3
8 years ago
Thanks for the feedback, I'm sure others will appreciate it too
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