The Bretton Woods exchange rate system was a
A) fixed exchange rate system. B) floating exchange rate system.
C) flexible exchange rate system. D) managed float exchange rate system.
A
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Suppose that Jesse Eisenberg had been offered a bigger and better part in another movie and that to hire him for The Social Network, the producer had to double Jesse's pay
What incentives would have changed? How might the changed incentives have changed the choices that people made?
If the government places a new tax on the hiring of workers, then we would expect
a. both the short run and long run Phillips curve to shift to the right. b. both the short run and long run Phillips curve to shift to the left. c. the long run Phillips curve remains unchanged while the short run Phillips curve shifts to the right. d. the short run Phillips curve remains unchanged while the long run Phillips curve shifts to the right. e. none of the above.
Economists assume that business firms attempt to maximize their profits
a. True b. False Indicate whether the statement is true or false
Fiscal policy refers to:
A. government policies aimed at changing the underlying structure or institutions of the economy. B. decisions to determine the government's budget. C. policy directed toward increasing exports and reducing imports. D. the determination of the nation's money supply.