Which of the following is not an exchange rate system?
a. Flexible exchange rates
b. Crawling peg
c. Fixed exchange rates
d. Managed floating
e. Purchasing power parity
.E
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The Classical macroeconomic model proposes that
A) real GDP equals potential GDP as long as inflation equals zero. B) government intervention is required to help the economy reach its potential. C) changes in the quantity of money are critical in driving economic growth. D) socialism produces the most efficient economic outcomes for a society. E) markets work efficiently to produce the best macroeconomic outcomes.
What is marginal external cost? Give an example
What will be an ideal response?
Net domestic product is usually preferred to GDP by economists because net national product
A. includes depreciation. B. excludes depreciation. C. includes indirect business taxes. D. excludes indirect business taxes.
If government increases its purchases by $15 billion and the MPC is 2/3, then we would expect the equilibrium GDP to:
A. increase by $30 billion. B. increase by $45 billion. C. decrease by $35 billion. D. increase by $50 billion.