Fixed exchange rates require governments to have
a. control over the cuntry's exports
b. anti-arbitrage investigators
c. large quantities of gold
d. trade surpluses
e. foreign exchange reserves
E
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According to the quantity theory of money, deflation will occur if the
A) money supply is more than real GDP. B) money supply is less than real GDP. C) money supply grows at a slower rate than real GDP. D) money supply grows at a faster rate than real GDP.
How does the long-run supply curve differ from the short-run supply curve for a perfectly competitive firm? Explain your answer
What will be an ideal response?
The three approaches to measuring GDP are called the
A) accounting approach, the income approach, and the expenditure approach. B) product approach, the cost approach, and the expenditure approach. C) product approach, the income approach, and the expenditure approach. D) accounting approach, the statistical approach, and the income approach.
Farms with sales of more than $250,000 account for __________ percent of U.S. agricultural sales.
Fill in the blank(s) with the appropriate word(s).