When multiple countries are trying to boost their economies by lowering the value of their currency, it causes a situation referred to as:
A. speculative war.
B. competitive revaluation.
C. a speculative attack.
D. competitive devaluation.
Answer: D
You might also like to view...
Everything else held constant, a monetary contraction is characterized by ________ output and ________ interest rates
A) rising; rising B) rising; falling C) falling; rising D) falling; falling
Firms are not allowed to ask certain questions during job interviews, including marital status or how many children you have. Why is this the case?
A) People with children are more productive, thus it is unfair if the firm knows this information. B) Firms might use the answers to these questions as a means of statistical discrimination. C) People with children are less productive, thus the firm has no right to this information. D) Such questions violate the privacy clause of the U.S. Constitution.
The ability of an asset to hold its value over time is a(n)
A) medium of exchange. B) unit of accounting. C) store of value. D) standard of deferred payment.
M1 is:
A. about one fourth the amount of GDP. B. about four times larger than GDP. C. equal to GDP. D. about 17% of GDP.