If a country's currency is a reserve currency, then other countries can readily defend their fixed exchange rates with this country's currency without resorting to official intervention in the foreign exchange market.
Answer the following statement true (T) or false (F)
False
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In 2009, the interest rate fell below 1 percent in the United States. As a result, there was a
A) leftward shift in the supply of money curve. B) movement upward along the money supply curve. C) movement downward along the demand for money curve. D) movement upward along the demand for money curve. E) rightward shift in the demand for money curve.
The leading producer of manufactured goods in 1900 was
a. the United States. b. Germany. c. England. d. Canada.
If expectations are rational, how can government influence unemployment in a predictable way?
a. with the normal tools, used in the normal fashion b. with fiscal policy; monetary policy will not work c. with monetary policy; fiscal policy will not work d. with surprise changes in policy only
The goal of a union may be to maximize the
a. number of union members. b. income received by workers in the relevant industry. c. number of workers employed in the relevant industry. d. All of the above are correct.