Devaluation refers to a deliberate downward adjustment in the official exchange rate of a country's currency relative to a foreign currency or a fixed standard, such as gold.
Posts tagged as “Real Income”
Economic decline refers to a period of significant and sustained decrease in a country's economic activity. It is a complex phenomenon.
This article is about the definition of Aggregate Demand (AD), the Aggregate Demand (AD) curve and shifts in the Aggregate Demand (AD) curve.