Managed float means:?
What will be an ideal response?
?a combination of freely floating exchange rates with occasional intervention by central banks.
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In equilibrium, the MRT should not equal the MRS of all individuals.
A. True B. False C. Uncertain
According to the equation of exchange, an increase in either velocity or the money supply will
A. cause GDP to rise. B. not affect the price level. C. cause the price level to fall. D. cause GDP to fall.
According to the text, a rise in the interest rate
A. may either raise or lower consumer savings. B. will raise consumer savings. C. will lower consumer savings. D. will cause the rental cost of capital to decrease.
When governments grant patents:
A. producers earn profits that are substantially higher than would occur in a competitive market. B. consumers pay a higher price than they would in a competitive market. C. consumers are likely to pay lower prices than they would in a competitive market. D. both producers earn profits that are substantially higher than would occur in a competitive market and consumers pay a higher price than they would in a competitive market are correct.