The "rules of the game," if followed closely by central banks, would have
(a) made trade fluctuations worse than they were.
(b) wiped out trade fluctuations.
(c) "neutralized" central bank policy.
(d) forced the federal government to borrow directly from central banks.
(b)
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A successful market economy requires
A) an equitable distribution of income and limits on immigration. B) generous unemployment benefits and paid medical leave for everyone in the labor force. C) a government-controlled banking system and government price controls. D) well-defined property rights and an independent court system to adjudicate disputes based on the law.
A foreign exchange intervention that lowers the exchange rate will also ________
A) increase the real interest rate B) decrease the money supply C) increase investment D) decrease international reserves
The percentage of women in the U.S. labor force ___________ between 1880 and 1920
a. increased b. decreased c. remained relatively constant
The short-run aggregate supply curve will shift to the right when:
A. Energy prices increase. B. Government regulation increases. C. Prices of inputs decrease. D. Investment spending decreases. E. Productivity rates decrease.