An adjustment of central parities in the EMS is called a
A) realignment.
B) nominal appreciation or nominal depreciation.
C) real appreciation or real depreciation.
D) re-coupling.
E) re-paritization.
A
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Nearly two out of three Americans feel that we are spending too little on welfare
Indicate whether the statement is true or false
The short-run market supply curve in a price-taker industry equals the horizontal sum of the individual firm's
a. MC curves above AVC. b. AVC curves above marginal revenue. c. MC curves above ATC. d. MC curves between AVC and ATC.
Which of the following will most likely occur during the expansionary phase of a business cycle?
a. Real GDP declines, and the rate of unemployment increases. b. Real GDP declines, and the rate of inflation is unchanged. c. Real GDP increases, and rate of unemployment falls. d. Real GDP is unchanged, and the rate of inflation is unchanged.
Economists assume that, in general, when individuals are faced with two choices that have the same expected value, they will prefer:
A. the one with higher risk. B. the one with lower risk. C. the one with the higher opportunity cost. D. the one with the lower future value.