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Chako Chako
wrote...
Posts: 2948
8 years ago
A devaluation of the home currency
A) decreases demand and output.
B) increases demand for domestic goods and services.
C) makes domestic goods and services more expensive relative to those sold abroad.
D) increases output and makes domestic goods and services cheaper relative to those sold abroad.
E) makes foreign goods and services cheaper relative to those sold at home.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
Read 85 times
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Answer verified by a subject expert
machukianmachukian
wrote...
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Posts: 2946
8 years ago
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Chako Author
wrote...
8 years ago
Correct!
wrote...
8 years ago
Thanks for the feedback, I'm sure others will appreciate it too
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