Under ERM 2 rules, the national central bank of an EU member with its own currency can suspend euro intervention operations

A) if there is a civil war.
B) if they result in money supply changes that threaten to destabilize the domestic price level.
C) if there is a current account deficit.
D) if there is a current account surplus.
E) if they result in a weakened current account.


B

Economics

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With price discrimination, a monopoly

A) converts consumer surplus into economic profit. B) converts producer surplus into economic profit. C) can charge a single price to all customers. D) produces less output than if it does not price discriminate. E) converts consumer surplus into deadweight loss.

Economics

Which of the following is a direct consequence of the development of faster and cheaper computers?

a. The development of double-entry bookkeeping b. The enhanced ability of managers of business operations to deal with complex transactions in far-flung locations c. The creation of money d. The decrease in workers' productivity, because more computers need fewer people to operate them e. A decline in the rate of inflation

Economics

Which economists believe a decrease in marginal tax rates will ultimately cause the economy to move from point B to point D in Figure 18.3?

A. Modern Keynesians. B. Supply-siders. C. Monetarists. D. Keynesians.

Economics

Refer to the above table. What is the GDP price index in Year 1?

105.2 111.5 108.3 109.6

Economics