Choose the statement that is incorrect.

a. during july and august 2014, it is most likely that the expectation was that the euro and the pound would neither appreciate nor depreciate against each other.
b. everything else remaining the same, it is most likely that the u. k. interest rate differential with respect to the european interest rate remain unchanged during july and august 2014.
c. during july and august 2014, the pound-euro exchange rate remained relatively constant.
d. during july and august 2014, everything else remaining the same, it is most likely that the private sector balance and the government sector balance in the european union and the united kingdom were an equal proportion of the total economies.