A hard peg may be achieved by all of the following except
A) following the rules of the Bretton Woods Agreement.
B) dollarization.
C) establishing a currency board.
D) mutual agreements establishing a common currency.
A
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The short-run supply curve of a competitive firm is the portion of:
A) its average cost curve that lies above its marginal cost curve. B) its average cost curve that lies below its marginal cost curve. C) its marginal cost curve that lies above its average variable cost curve. D) its marginal cost curve that lies below its average cost curve.
Changes in government spending or taxes designed to stimulate the economy are examples of
a. fiscal policy b. monetary policy c. supply management policy d. classical policy e. regulatory policy
Adam Smith noted that people are adept at pursuing their own self-interests, and that ____ harnesses this self-interest remarkably well
a. a totalitarian regime b. a market system c. a democratic government d. a closed system
Leading indicators:
a. Are near perfect predictors of the future. It is for this reason that they are relied on so heavily by governments, central banks, and the private sector. b. Have a mixed track record for predicting business cycles and should therefore be used cautiously. Nevertheless, they still might provide some useful insights. c. Are designed to be used in theoretical research only and therefore do not provide any value added when analyzed for business purposes. d. Give information about an economy's performance in the past and should consequently not be used for business decisions.