What is Argentina's Convertibility Law of April 1991? Explain
What will be an ideal response?
The convertibility law is the law that made Argentina currency fully convertible into U.S. dollars at a fixed rate of exactly one peso per dollar. The law also required that the monetary base be backed entirely by gold or foreign currency.
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Components of economic growth are:
a. physical capital, human capital, and technology. b. physical capital, human capital, and savings. c. education, physical capital, and technology. d. physical capital, working capital, and technology.
If businesses in general decide that they have overbuilt and so now have too much capital, their response to this would initially shift
a. aggregate demand right. b. aggregate demand left. c. aggregate supply right. d. aggregate supply left.
What is the difference between the short run and the long run?
Please provide the best answer for the statement.
When equilibrium price is higher than market price, quantity demanded is ________ quantity supplied.
Fill in the blank(s) with the appropriate word(s).