What are floating exchange rates?
Floating exchange rates are exchange rates that are determined by the market forces of the demand for and
supply of a nation's currency.
You might also like to view...
The actions of speculators in a market tend to shift the ____ when the price of the good is low and thereby ____ the price
a. demand curve out; raise b. demand curve in; lower c. supply curve out; lower d. supply curve in; raise
Refer to the following graph to answer the question:
Suppose price rises from $90 to $110. Total revenue moves in the ________ (same, opposite) direction as the dominant effect. In this case, total revenue ________ (increases, decreases, stays the same) because the quantity effect is ________ (larger than, smaller than, the same as) the price effect.
A. opposite; increases; larger than B. same; increases; larger than C. same; decreases; smaller than D. opposite; decreases; smaller than E. same; decreases; larger than
Briefly explain how a technology spillover can help society while harming the originator of the technology, and describe the role of patents in the process.
What will be an ideal response?
Currency is included in
A. M2 only. B. M3 only. C. M1 and M2 only. D. M1, M2, and M3.