Equilibrium real income is more stable in the face of aggregate autonomous expenditure variability under
A) a floating exchange rate.
B) a pegged exchange rate.
C) a fixed exchange rate.
D) perfect capital mobility systems.
A
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In a decision tree, the difference between a decision node and a terminal node is that
A) at a decision node all participants make the same decision, while at a terminal node different players may make different decisions. B) at a decision node a decision must be made, while a terminal node shows the payoff. C) at a decision node a decision must be made, while at a terminal node the final decision must be made. D) at a decision node all participants are free to make individual decisions but at a terminal node they must agree on a collective decision.
With the aging of the American population, it might be necessary to reduce the medical benefits to elderly. How do you feel about this idea?
What will be an ideal response?
Economies of scale suggests that as the level of production:
a. decreases, the average cost of producing each individual unit increases. b. increases, the average cost of producing each individual unit increases. c. decreases, the average cost of producing each individual unit declines. d. increases, the average cost of producing each individual unit declines.
What is the future value of $1,000 in three years if the rate of discount is equal to 5 percent?
A) $1,150.00 B) $1,005.00 C) $1,157.63 D) $863.84