When most shocks originate in the monetary sector, it is generally better to have
A) a flexible rate system.
B) a fixed rate system.
C) a gold standard.
D) a managed float.
B
You might also like to view...
Debt instruments are also called
A) equities. B) credit market instruments. C) prospectuses. D) units of account.
Special interests influence tax policy at all levels of government, but ______
a. they are most effective at the local level b. they are most effective at the state level c. they are most effective at the federal level d. they are equally effective at all levels of government
Irregular fluctuations in economic activity are known as the
a. business cycle. b. broken window fallacy. c. tradeoff between inflation and unemployment. d. ten principles of economics.
The time that elapses between the beginning of a recession or an inflationary episode and the identification of the macroeconomic problem is referred to as a(n)
A. legislative lag.
B. implementation lag.
C. recognition lag.
D. budget lag.