The term "flexible exchange rates" refers to
A) a situation in which exchange rates are allowed to fluctuate in the open market in response to changes in supply and demand.
B) the increase in the exchange value of one nation's currency in terms of an other nation.
C) a nation in which households, firms, and governments buy and sell national currencies.
D) the decrease in the exchange value of one nation's currency in terms of another nation.
A
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Keynes believed that the economy does not automatically move toward an equilibrium at full employment
a. True b. False Indicate whether the statement is true or false
The import demand curve shows the amount of the home country's:
a. surplus at various prices below the "no-trade" equilibrium. b. shortage at various prices below the "no-trade" equilibrium. c. equilibrium "no-trade" quantity demanded. d. surplus at various prices above the "no-trade" equilibrium. e. shortage at various prices above the "no-trade" equilibrium.
Why did the attempts by some airlines to introduce uniform pricing for all air trips in 1980s and 1990s fail?
Which group is responsible for the policy of the Federal Reserve on purchasing and selling government securities?
A. Federal Open Market Committee. B. Thrift Advisory Council. C. Office of Management and Budget. D. Federal Advisory Council.