An annual rate of inflation of 7 percent will double the price level in about 15 years.
Answer the following statement true (T) or false (F)
False
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Briefly describe two systems for fixing the exchange rates of all currencies against each other and the time periods in which they were used
What will be an ideal response?
Think of at least nine examples, three of each, that display a positive, negative, or no correlation between two economic variables. In each of the positive and negative examples, indicate whether or not you expect the correlation to be strong or weak
What will be an ideal response?
The distinction between endogenous and exogenous variables is
A) that exogenous variables are determined inside the model and endogenous variables are determined outside the model. B) dependent on the sample size: for n > 100, endogenous variables become exogenous. C) depends on the distribution of the variables: when they are normally distributed, they are exogenous, otherwise they are endogenous. D) whether or not the variables are correlated with the error term.
Free-floating exchange rates are determined by the
A. policies of the domestic government. B. policies of foreign governments. C. forces of demand and supply in the foreign exchange market. D. forces of demand and supply in the domestic money market.