When exchange rates are ________, we say that the country's exchange rate is fixed
A) determined in the market B) relatively stable
C) set by a country's central bank D) determined by supply and demand
C
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Many economists from both the Keynesian and neoclassical schools have found that the policies implemented to stabilize the economy and financial markets during the Great Recession:
a. were totally ineffective b. made the Great Recession worse. c. were effective, although to varying degrees. d. were totally effective.
Which of the following would cause a debit entry in the U.S. balance of payments?
a. Canadian citizens increase their shopping trips to the United States b. more U.S. citizens vacation in Austria c. Italian citizens stop vacationing in Monte Carlo and go to Miami instead d. the United States sells oil-drilling equipment to Kuwait
Commodity money includes such things as paper currency and travelers checks that have no commodity value in and of themselves, but which can be used to purchase commodities
Indicate whether the statement is true or false
The Sixteenth Amendment to the Constitution in 1913 made it possible for the federal government to tax imports.
Answer the following statement true (T) or false (F)