Flexible exchange rates, proving to be much ________ volatile than economists predicted, have led to ________ calls for a return to fixed exchange rates
A) less, few
B) less, many
C) more, few
D) more, many
D
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According to your authors, economics
A) alone is not the only, or even the best, perspective to make sense out of the real world. B) can predict real-world phenomena with roughly 85-90% accuracy. C) generates conclusions every reasonable person should accept as true. D) is a false doctrine because individuals have been shown to act non-selfishly.
In the aggregate expenditures model, if aggregate expenditures (AE) are greater than GDP, then:
a. inventory is depleted. b. inventory is accumulated. c. inventory is unchanged. d. employment decreases.
Components of aggregate expenditure?
What will be an ideal response?
Which of the following is the most complete form of economic integration?
A) Free trade area B) Customs union C) Common market D) Economic union