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
You might also like to view...
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%.
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.
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.
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