Under the Bretton Woods exchange rate system, ________ could sell their dollars to the American government in exchange for gold
A) American citizens
B) foreign central banks
C) foreign citizens
D) all of the above
B
You might also like to view...
List the four ground rules for a well-functioning market
What will be an ideal response?
An indifference diagram has movies on the vertical axis and sodas on the horizontal axis. As the consumption of sodas increases, the marginal rate of substitution ________ and the indifference curve becomes ________
A) falls; flatter B) falls; steeper C) rises; flatter D) rises; steeper
As an economy grows and develops, the police powers of the government with respect to controlling, regulating and inspecting businesses and their output become increasingly more costly to uphold and protect
Indicate whether the statement is true or false
The idea that less government regulation will lower the cost of production, increase profit, and raise the level of production so that, in the end, real GDP will increase is held by the
a. classical school b. Keynesian school c. rational expectations school d. school of supply-side economics e. neo-Keynesian school