The Federal Reserve can influence the exchange rate by
A) changing interest rates.
B) buying or selling dollars.
C) Both answers A and B are correct.
D) None of the above answers is correct.
C
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Private property rights are
A) an externality. B) a social cost. C) property that is owned by everyone and therefore by no one. D) exclusive rights of ownership.
During expansions
a) sales and profits rise. b) sales rise, but profits fall. c) sales fall, but profits rise. d) sales and profits fall.
"Oligopoly is the only market structure in which rivalry among firms takes place." Do you agree or disagree? Why?
What will be an ideal response?
In the traditional Keynesian model, a tax decrease
A. causes a leftward movement along the C + I + G + X line. B. causes the C + I + G + X line to shift upward. C. causes the C + I + G + X line to shift downward. D. causes a rightward movement along the C + I + G + X line.