A ____________ exchange rate policy is where the central bank will intervene as needed in the market to keep the currency value from moving rapidly in one direction.
a. soft peg
b. floating
c. hard peg
d. defined
a. soft peg
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A rightward shift in the aggregate demand curve is most likely to result in
A. deflation. B. recession. C. inflation. D. decrease in employment.
If the inflation rate target is 2%, the current inflation rate is 3%, and the output gap is 2%, then according to the Taylor rule, the nominal federal funds rate should be ________ percent
A) 4.5 B) 7 C) 6.5 D) 5.5 E) none of the above
If a firm in a competitive market is currently producing a quantity where price exceeds the marginal cost, the firm should lower its price
Indicate whether the statement is true or false
Which of the following increases in labor demand is due to a change in the price of a related resource?
A. Software sales rise, thus increasing the demand for software developers B. Snowboarding increases in popularity, thus increasing the demand for the workers who make snowboards C. A decrease in the price of wood decreases the cost of furniture, thus increasing the demand for furniture workers D. A technological change increases output per worker in the computer industry, thus increasing the demand for computer workers