The gold standard is an example of a ________ exchange rate system.
A. dollarized
B. flexible
C. fixed
D. nominal
Answer: C
You might also like to view...
If the number of employed people in a country is 21 million, and the number of unemployed workers in a country is 10 million. The size of the labor force in the country is equal to ________
A) 31 million B) 21 million C) 11 million D) 10 million Consider an economy that consists of the following economic agents only. 2 million full-time workers 1 million part-time workers 1 million people who have been laid off by their employers but are currently looking for employment 1 million children of age fifteen years or less 2 million housewives not looking for jobs
In the short run, a perfectly competitive firm determines its profit-maximizing or loss-minimizing output by
a. producing at full capacity. b. equating price and marginal revenue. c. equating marginal revenue and marginal cost. d. equating average revenue and average cost.
Of the four effects on interest rates from an increase in the money supply, the initial effect is, generally, the
A) income effect. B) liquidity effect. C) price level effect. D) expected inflation effect.
Which of the following is a possible benefit of international macroeconomic policy coordination?
A. International macroeconomic policy coordination builds a forum where developing countries can come up with a common political agenda. B. International macroeconomic policy coordination helps stronger countries impose their prescribed economic policies on weaker countries. C. International macroeconomic policy coordination gives countries the opportunity to consider spillover effects on other countries that arise from interdependence. D. International macroeconomic policy coordination gives countries the political cover to abolish import tariffs and export taxes.