Nicaragua in the early 2000s set its exchange rate with the U.S. dollar to decrease monthly by 1%. This is an example of
A) a crawling peg.
B) bad currency management.
C) a parity band.
D) a currency board.
A
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Today's exchange rate system can be described as
a. a fixed exchange rate system b. a freely floating exchange rate system c. a pegged exchange rate system d. a flexible exchange rate system e. a managed float
In the short run, the price level
a. will increase if unit costs increase. b. will increase if average markup decreases. c. will increase if unit costs decrease. d. is held constant by government decree. e. will decrease if there is a negative supply shock.
Medicaid is an example of a cash assistance poverty program
Indicate whether the statement is true or false
Over the last few decades, the U.S. Gini coefficient has
a. become negative b. increased moderately c. decreased moderately d. decreased dramatically e. fallen from 1.50 to less than 0.25