Which of the following is not appropriate, if we live in a world of fixed exchange rates?
A) monetary approach to the exchange rate
B) elasticities approach
C) monetary approach to the BOP
D) absorption approach
A
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Mercantilists wanted a favorable balance of trade, by which they meant
a. exports = imports. b. exports > imports. c. exports < imports. d. To import nothing from the colonies.
As a result of the housing-market crash:
A. both aggregate demand and aggregate supply shifted to the left. B. both aggregate demand and aggregate supply shifted to the right. C. aggregate demand shifted to the left, and aggregate supply shifted to the right. D. aggregate demand shifted to the right, and aggregate supply shifted to the left.
In economics, "Public Saving" is defined as
a. Saving that is made public by disclosure to the IRS. b. Tax revenue minus government spending. c. National Income minus consumption. d. Deposits made at banks and other lending institutions. e. Investment in a publicly held company.
If the market price for a crop is $4.00 a bushel, and the price support is $5.00, then dropping the price support to $3.50
A. will cause nothing to happen. B. will cause the price received by farmers to fall to $4.00. C. will cause the price received by farmers to rise. D. will cause the price received by farmers to fall to $3.50.