Managed floats are
a. generally used in the very short run to prevent large, sudden changes in exchange rates
b. used most often in the long run to maintain equilibrium exchange rates
c. used most often in the short run to keep a country's currency from depreciating
d. considered unnecessary by most free market economies
e. most often used by the central banks of European countries to prevent depreciation of their currencies
A
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Price tags attached to goods for purchase at a store would be an example of money's role as a
A) medium of exchange. B) store of value. C) unit of account. D) none of the above
Which of the following is false? a. Policy makers generally get the timing of countercyclical macroeconomic policy correct
b. To know the appropriate countercyclical policy to adopt, policy makers would need to know the natural rate of real output. c. If policy makers underestimate the multiplier, they may overshoot their goal for stimulus policies. d. All of the above are true
In 2015, GDP per person in the United States was almost
a. $38,000. b. $36,000. c. $49,000 d. $56,000
What is the highest bond rating assigned by Standard and Poor's?
A. EEE B. A C. AAA D. AA