"A monetary policy is not a policy tool under fixed exchange rates." Discuss
What will be an ideal response?
True, under fixed exchange rates, domestic asset transactions by the central bank can be used to alter the level of foreign reserves but not to affect the state of employment and output.
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If you can produce more of something than others with the same resources, you have
A) a free-market economy. B) an absolute advantage. C) an efficient production system. D) a comparative advantage.
Net public debt is
A. the sum owed by the public to keep the Social Security system afloat. B. the portion of government debt held by private individuals and firms. C. the excess of annual government spending over annual tax revenues. D. the excess of annual tax revenues over annual government spending.
Economic growth is slow or absent in some economies because those lack
A) political freedom. B) democracy. C) a strong government. D) cultural freedom. E) economic freedom.
In the United States, corporate profits are taxed at the corporate level but are not taxed as personal income in the form of dividend payments
Indicate whether the statement is true or false