Strategic currency stabilization:

A. involves frequent exchange rate intervention.
B. is successful only if the government does not attempt to affect market expectations.
C. can be successful only if governments possess large amounts of official reserves.
D. involves carefully-timed exchange rate intervention.


Answer: D

Economics

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If nominal GDP is $8 trillion and real GDP is $10 trillion, then the GDP deflator is

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When banks offer checking accounts, they are issuing a(n):

A. financial asset that cannot function as money. B. financial liability. C. financial asset that functions as money. D. IOU.

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A. $3. B. $6. C. $12. D. $15.

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Risk is shifted to the owners of a firm. In return they receive

A) normal wages. B) residual income. C) normal profit. D) marginal profit.

Economics