One difficulty in achieving international coordination is that
A) central banks often must compromise for the good of both nations.
B) one nation is always made worse off.
C) monetary union is required.
D) sterilization is often politically unpopular.
A
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Hans decides to start brushing his teeth less often after signing up for dental insurance. This is an example of:
A. adverse selection. B. moral hazard. C. neither adverse selection nor moral hazard. D. both adverse selection and moral hazard.
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
A monopolist faces
A. a two-tiered demand curve. B. the market demand curve. C. a perfectly inelastic demand curve. D. a perfectly elastic demand curve.
The monetary base consists of:
A) currency plus reserves. B) currency plus required reserves. C) currency plus excess reserves. D) currency plus demand deposits.