Which of the following is true?
A) If an exchange rate is allowed to vary across a fixed basket of currencies, it is called a hard peg.
B) If an exchange rate is not allowed to vary against the target currency, it is called a soft peg.
C) If an exchange is only allowed to fluctuate within a set band, it is considered to be a flexible exchange rate system.
D) A soft peg is when a currency's exchange rate is only allowed to fluctuate within a set band.
D
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Which of the following caused pre-1984 volatility in residential construction?
A) financial regulations B) tax cuts C) currency volatility D) interest rates
Declining cost industries
a. have upward rising AC curves. b. have upward rising demand curves. c. have ?-shaped total costs. d. have diseconomies of scale. e. have marginal cost curves below their average cost curve.
Which of the following assumptions is held by both the classical view and the new classical view?
A) rational expectations B) flexible wages and prices C) flexible wages and sticky prices D) adaptive expectations E) a and b
"The unemployment rate is too high" is an example of a positive economic statement
Indicate whether the statement is true or false