Under a system of fixed exchange rates, what happens if a country's currency is undervalued?
A) The central bank loses official reserve assets.
B) The central bank gains official reserve assets.
C) The currency depreciates.
D) The exchange rate falls.
B
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An entrepreneur is:
a. an employee in a factory. b. the manager of a factory. c. the person who conceives and starts a business. d. the person who contracts to work for a specific price. e. the person who does not assume any risk in business.
Suppose the economy is at an equilibrium when C + I + G + X = $12 trillion. If the economy is currently at a real Gross Domestic Product (GDP) level of $13 trillion, then total planned real expenditures
A. are equal to real Gross Domestic Product (GDP), and there will be no change in real Gross Domestic Product (GDP). B. are less than real Gross Domestic Product (GDP), and real Gross Domestic Product (GDP) will increase. C. exceed real Gross Domestic Product (GDP), and real Gross Domestic Product (GDP) will increase. D. are less than real Gross Domestic Product (GDP), and real Gross Domestic Product (GDP) will decline.
In an inflationary expenditure gap, the equilibrium level of real GDP is:
A. Greater than planned investment B. Equal to full-employment GDP C. Greater than full-employment GDP D. Less than full-employment GDP
A health care organization that contracts with employers to provide health insurance to their workers, and hires doctors and other groups to provide health care for the workers who are insured is a:
A. Preferred provider organization B. Health maintenance organization C. Diagnosis-related group system D. Regional health alliance