Industrialized countries typically ________ their floating exchange rates. Developing countries often ________ their floating exchange rates
A) manage; peg
B) peg; manage
C) allow markets to determine; fix
D) fix; manage
E) fix; allow markets to determine
A
You might also like to view...
A purely competitive firm is faced with a marginal revenue curve that lies everywhere below the average variable cost curve. Would this firm be able to operate in the short run? Explain
What will be an ideal response?
In a competitive market, an efficient allocation of resources is characterized by:
a. a price greater than the marginal cost of production. b. the possibility of further mutually beneficial transactions. c. the largest possible sum of consumer and producer surplus. d. a value of consumer surplus equal to that of producer surplus.
The largest portion of the M1 money supply consists of
a. coins in circulation. b. paper currency in circulation. c. savings deposits at credit unions. d. checkable deposits.
The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.