Flexible exchange rates ________ of monetary policy to stabilize the economy and fixed exchange rates ________ of monetary policy to stabilize the economy.
A. offset the impact; reinforce the impact
B. strengthen the ability; prevent the use
C. prevent the use; strengthen the ability
D. strengthen the impact; strengthen the impact
Answer: B
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Refer to Scenario 2. If the age of a house increases by 1 year given that the square feet is held constant, what is the impact on the house's market value?
What will be an ideal response?
Corey has a blue sweater and a denim jacket. On some days he chooses to wear the sweater but on others he chooses to wear the jacket. Economists would most likely conclude that:
A. Corey’s preferences have changed. B. Corey’s preferences have not changed, but other factors may have changed such as the temperature outside. C. Corey is irrational if he wears different clothing on different days. D. Corey is indifferent between wearing a jacket or a sweater.
The market demand curve in a perfectly competitive industry is downward sloping, while the demand curve faced by an individual perfectly competitive firm is horizontal
a. True b. False Indicate whether the statement is true or false
A monopoly can block the entry of others
Indicate whether the statement is true or false