Between the end of World War II and 1971, the United States dollar was
A. the only major currency in the world convertible into gold for purposes of international payments.
B. not used as an international currency.
C. the only major currency in the world not backed by gold.
D. not very important in the transfer of goods between countries.
A. the only major currency in the world convertible into gold for purposes of international payments.
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Assuming perfect asset substitutability, can sterilized intervention by the central bank be effective? Please discuss
What will be an ideal response?
When fiscal policy is used, time lags are variable and last anywhere from
A) one to three weeks. B) one to three months. C) one to three years. D) one to three decades.
The News Wire article in the text titled "Economy Sharpest decline in 26 years" "Economy Contracts in 3rd Quarter" discusses the reduction in output for the U.S. economy. Which type of unemployment is most likely in this situation?
A. Structural B. Frictional C. Cyclical D. Seasonal
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