The institution that is responsible for maintaining international monetary stability is the:
A. International Monetary Fund.
B. World Bank.
C. United Nations.
D. International Reserve Bank.
A. International Monetary Fund.
You might also like to view...
An open economy
A) can save only by building up its capital stock. B) can save only by acquiring foreign wealth. C) cannot save either by building up its capital stock or by acquiring foreign wealth. D) can save either by building up its capital stock or by acquiring foreign wealth. E) can save by avoiding excessive imports.
Features of the U.S. federal government expenditure and taxation programs that tend to automatically slow the economy during times of high economic activity and boost the economy during periods of recession are called:
A) discretionary expenditures. B) automatic stabilizers. C) non-automatic stabilizers. D) none of the above.
Application of the time inconsistency problem to monetary policy suggests that, without some mechanism to ensure commitment, the
A) rate of inflation will be higher than it would be with commitment. B) level of real output will be lower than it would be with commitment. C) rate of inflation will be higher and the level of real output will be lower than they would be with commitment. D) rate of inflation and the level of real output will be higher than they would be with commitment.
Doctors demand large salaries in part because
A. they are forbidden by U.S. law from receiving economic rent. B. most doctors have backward-bending labor supply curves. C. they participate in the secondary labor market. D. they have made significant investments in human capital.