An exchange rate system in which governments try to keep currency values from fluctuating against one another is a fixed exchange rate system.
Answer the following statement true (T) or false (F)
True
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If the market price of a product increases, then the total
A) consumer surplus will decrease. B) consumer surplus will increase. C) revenues of sellers will definitely increase. D) revenues of sellers will definitely decrease.
When humanitarian efforts to free Sudanese slaves were introduced, ________ increased initially, which led to ________ prices
Over time, the slave trade became ________ profitable and the supply of slaves ________. A) supply; lower; less; decreased B) demand; lower; more; decreased C) demand; higher; more; increased D) supply; higher; more; increased
Explain the Taylor rule, including the formula for setting the federal funds rate target, and the components of the formula. If the Fed were to use this rule, how many goals would it use to set monetary policy?
What will be an ideal response?
Which of the following describes when government alter normal market activity?
A. Innovation B. Intervention C. Market failure D. Unprofitable outcome