McqMate
| Q. |
Under fixed exchange rate, which one of the following statements is the most accurate? |
| A. | Devaluation causes a rise in output. |
| B. | Devaluation causes a decrease in output. |
| C. | Devaluation has no effect on output. |
| D. | Devaluation causes a rise in output and a decrease in official reserves. |
| Answer» A. Devaluation causes a rise in output. | |
View all MCQs in
International EconomicsNo comments yet