In the face of capital outflow, countries had to lower interest rates to stay in the ERM

Indicate whether the statement is true or false


FALSE

Economics

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Using the growth accounting equation, if the growth rate of technology is 3%, the growth of labor is 2% and the growth of capital is 1% then if ?=0.25 then growth of output can be estimated to be:

A. 6.00%. B. 4.00%. C. 4.75%. D. 4.25%.

Economics

Refer to the above diagram. If AD1 shifts to AD2, then the equilibrium output and price level will be:

A. P1Q3. B. P1Q2. C. P2Q3. D. P2Q2.

Economics

Suppose a new law requires all piercing studios to pass tougher licensing tests and to begin using more costly sterilization methods. Other things constant, this law would cause:

A. an increase in the supply of piercings and a lower price for piercings. B. an increase in the supply of piercings and a higher price for piercings. C. a decrease in the supply of piercings and a higher price for piercings. D. a decrease in the supply of piercings and a lower price for piercings.

Economics

John was president of a large country almost 20 years ago. He is still looking for a similar position. John is _____ unemployed.

A. seasonally B. frictionally C. cyclically D. structurally

Economics