In effect, during the period immediately following World War II, the world was on a(n):
a. gold standard.
b. flexible-exchange-rate standard.
c. U.S. dollar standard.
d. exchange-rate standard dictated by Germany
e. pegged-exchange rate standard.
c
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If both autonomous imports and autonomous taxes decrease by $100B we expect that equilibrium income will
A) increase by more than $200B. B) decrease by more than $200B. C) increase by $200B. D) remain unchanged.
Which of the following goods and services would be excluded from the CPI?
a. Legal services b. Used cars c. French wines sold in the U.S. d. Restaurant meals e. Shares of stock in U.S. corporations
If the exchange rate of U.S. dollars for Canadian dollars is 1.1 Canadian dollars to $1 (U.S.), then the exchange rate of Canadian dollar for U.S. dollars is
A. .1 (1.1-1) US dollars per Canadian dollar. B. .909 (1/1.1) US dollars per Canadian dollar. C. -.1 (1-1.1) US dollars per Canadian dollar. D. not knowable from this data.
The biggest deterrent to bank panics in the United States is _________.
Fill in the blank(s) with the appropriate word(s).