The Bretton Woods system required countries to actively buy and sell dollars to maintain fixed exchange rates when:
a. a country experienced a severe bout of inflation.
b. the free market equilibrium exchange rate differed from the fixed rate.
c. a country experienced serious unemployment.
d. the threat of recession began to spread from one country to another.
e. worldwide trade began to deteriorate.
b
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Answer the following statement(s) true (T) or false (F)
1. For the first time in U.S. history, the EPA has set GHG emissions standards for passenger cars and light-duty trucks for model years 2012 through 2016 and for medium- and heavy-duty vehicles for model years 2014 through 2018. 2. Under the new GHG emissions standards for mobile sources, light-duty vehicles will have to achieve an average emissions level of 250 grams of carbon dioxide (CO2) for model year 2016. 3. The two new national programs aimed at improving fuel efficiency and reducing GHG emissions are strictly command-and-control with no market-based initiatives. 4. Under the Clean Air Act, the emissions controls on mobile sources were set using benefit-cost analysis.
John Maynard Keynes attributed the "stickiness" of real wages in the early years of the depression to ______. a. the fall in the money supply. b. the tendency of people to cut wages slowly while looking for a job. c. the tendency of employers to ruthlessly replace long-time employees with theunemployed
d. resistance by workers, especially unionized workers, to wage cuts.
For a monopolist, there is no difference between the market demand curve and the demand curve the monopolist uses when making output decisions
a. True b. False
A right-to-work law makes it illegal for
A. union membership to be a requirement for continued employment in any establishment. B. employers to refuse to hire union workers. C. a union to exist in a state. D. union membership to be denied on the basis of race, gender, or national origin.