In practice, the Bretton Woods system is best described as
A) an adjustable peg.
B) a purely fixed exchange rate
C) a gold exchange standard
D) Both A and C
D
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Which of the following demonstrates the law of supply? a. When leather became more expensive, belt producers decreased their supply of belts
b. When car production technology improved, car producers increased their supply of cars. c. When sweater producers expected sweater prices to rise in the near future, they decreased their current supply of sweaters. d. When lemon prices rose, lemon growers increased their quantity supplied of lemons.
Table 21-1 ? Share of Income Group National Income Lowest fifth 6 Second fifth 9 Third fifth 17 Fourth fifth 19 Highest fifth 49 ? Consider the economy described by the income distribution in Table 21-1. From this table, we can conclude that the
A. poorest quarter of the population earns 15 percent of the income. B. “middle” fifth of the population earns 32 percent of the income. C. poorest quarter of the population earns 19 percent of the income. D. richest fifth of the population earns 49 percent of the income.
Use the following graphs to answer the next question.
In the graphs, the numbers in parentheses near the AD1, AD2, and AD3 labels indicate the level of investment spending associated with each curve. All figures are in billions. The interest rate in the economy is 4%. What should the Fed do to achieve a noninflationary, full-employment level of real GDP?
A. Decrease the money supply from $225 billion to $150 billion. B. Increase the money supply from $150 billion to $225 billion. C. Increase the money supply from $75 billion to $150 billion. D. Make no change in the money supply.
How do co payments and deductibles help contain health care costs?
What will be an ideal response?