Under a dirty float, the value of a country's currency is ________
A) fixed
B) determined by the relevant currency board
C) influenced by the monetary authorities
D) unmanageable
C
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Which of the following is not one of the key services provided by the financial system?
A) risk sharing B) liquidity C) decreasing taxes D) generating information
Considering two countries X and Y, country X has a comparative advantage in the production of a good when it can produce the good at a lower opportunity cost than country Y
Indicate whether the statement is true or false
Last year, total income increased $1,000 and consumption increased $800 . An increase in government spending equal to $10 would cause output to increase by $_____ because the multiplier is ______
Fill in the blank(s) with correct word
Answer the following statement(s) true (T) or false (F)
1. Most societies share the same three major macroeconomic goals. 2. News of changes in unemployment figures has little effect on the stock market. 3. Unemployment begins to fall as soon as a recession ends. 4. The U.S. Department of Labor considers discouraged workers unemployed. 5. The unemployment rate varies between men and women.