Currency stabilization policy is:
A. successful only if the government can identify the long-run equilibrium value of the exchange rate.
B. successful only if the government does not attempt to affect market expectations.
C. never successful.
D. always successful.
Answer: A
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Why do people specialize?
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A) decreases aggregate supply; selling B) decreases aggregate demand; selling C) increases aggregate supply; buying D) decreases aggregate supply; buying E) increases aggregate demand; selling
A small town in West Texas has one gas station. If the price of oil increases, the price of gas that the station charges will most likely a. increase
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