Today, the most common exchange rate arrangement in the world is
A) the fixed exchange rate system.
B) the gold standard system.
C) the managed floating system.
D) the freely floating exchange rate system.
A
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All group decisions are Pareto superior moves
a. True b. False
The existence of scarcity means that
A) there are not enough resources to satisfy unlimited human wants. B) firms will increase their production to eliminate the scarcity. C) the government will step in to eliminate the scarcity. D) firms working with the government will allocate resources to eliminate the scarcity.
The government can act to internalize externalities by taxing goods that have negative externalities and subsidizing goods that have positive externalities
a. True b. False Indicate whether the statement is true or false
Factors that shift the IS curve involve:
A) interest rates and levels of GDP. B) the quantity of money and the demand for money. C) the trade balance. D) exogenous variables affecting demand, such as a change in government spending or a change in the exchange rate.