If a country has a floating exchange rate, it means their currency:
A. is set by the government.
B. can be freely traded and their value is determined by the market.
C. has a value determined by the market for loanable funds.
D. All of these statements are true.
Answer: B
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The legislative intent of the Gramm-Rudman-Hollings Act was to increase the nation's spending on public transfers.
Answer the following statement true (T) or false (F)
The nominal interest rate is determined in the market for loanable funds
a. True b. False Indicate whether the statement is true or false
Which of the following occurs during a recession?
a. Output falls, employment rises, and unemployment rises. b. Output rises, employment falls, and unemployment falls. c. Output falls, employment falls, and unemployment rises. d. Output rises, employment rises, and unemployment falls. e. Output falls, employment falls, and unemployment falls.
The change in total output when one more unit of a resource is employed is called
a. total revenue b. marginal revenue product c. marginal physical product d. quantity supplied e. wage rate