The exchange rate between currencies of different countries is controlled primarily by supply and demand in currency markets
Indicate whether the statement is true or false
TRUE
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In the figure above, the cost of producing 10,000 pizzas a day is
A) $60,000. B) $100,000. C) $40,000. D) $80,000. E) $50,000.
In Figure 13-3 above, suppose that the Fed maintains a fixed real money supply and that commodity demand is also fixed. The range of shifts in the LM curve, LM1 to LM2 can then only be explained by
A) changes in the velocity of money. B) changes in the price level. C) changes in the demand for money. D) A and C.
Economic takeoff:
A. occurs when development becomes self-sustaining. B. will eventually occur in all developing countries. C. typically occurs in the absence of foreign investment. D. has yet to occur in any developing country.
Which of the following has the tightest relation with inflation?
A) H, the monetary base B) M1 C) M2 D) M3