When more than one central bank attempts to shift the equilibrium exchange rate, we refer to this as:
a. sterilization.
b. a currency crisis.
c. coordinated intervention.
d. an application of special drawing rights.
e. a floating exchange rate system.
c
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Refer to the above figure. Which of the following points indicates an efficient use of resources?
A) a B) d C) e D) More information is needed to answer the question.
An industry's equilibrium wage rate is established
A) by the industry supply curve for labor alone. B) by the slope of the industry demand curve for labor alone. C) by the Labor Department and based on the cost of living in the area. D) by the intersection of the industry supply and demand curves for labor.
Which of the following firms operates in a natural monopoly?
a. Telephone company. b. Electric company. c. Water company. d. All of these.
Scarcity is: a. only a problem in modern industrialized economies
b. only a problem in impoverished economies. c. only a problem in centrally planned economies. d. a problem that necessitates making choices and tradeoffs.