The exchange rate between the U.S. dollar and the Japanese yen change
A. every five years.
B. on a yearly basis.
C. on a monthly basis.
D. at times from one minute to the next.
D. at times from one minute to the next.
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If the price of a good rises, supply will
A. increase. B. decrease. C. not change. D. the answer depends upon the demand in the market.
Money demand behavior may
A) change as a result of demographic trends or financial innovations such as electronic cash-transfer facilities. B) change only as a result of demographic trends. C) change only as a result of financial innovations such as electronic cash-transfer facilities. D) not change as a result of demographic trends or financial innovations such as electronic cash-transfer facilities. E) change as a result of demographic trends but not as a result of financial innovations such as electronic cash-transfer facilities.
With the Bretton Woods system of international exchange rates
A) the value of a country's currency was determined strictly by the laws of supply and demand. B) the value of a country's currency was determined by its stock of gold. C) there were fixed exchange rates, and most countries were obligated to intervene to maintain the values of their currencies within 1 percent of par value. D) a nation's balance of payments was eliminated.
The change in the contribution of capital formation was the chief cause of the productivity slowdown in 1973-1995
a. True b. False Indicate whether the statement is true or false