Adhering to a strict fixed exchange rate system means that
a. no country will experience inflation or recession.
b. each nation improves control over its money supply.
c. each nation loses some control of its monetary policy and its domestic economy.
d. each nation improves control over its fiscal policy and aggregate demand.
c
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The high-school dropout rate usually declines in an economic recession because
A) a decline in job opportunities lowers the opportunity cost of remaining in high school. B) high schools begin to offer more practical and relevant courses. C) laws are passed to prevent teenagers from entering the labor market. D) recessions increase the demand for education. E) tuition and book prices usually fall in a recession.
A perfectly competitive firm cannot affect the market price by raising or reducing its supply of a product
a. True b. False Indicate whether the statement is true or false
The country known for its use of industrial policy
a. the United States b. Japan c. Hong Kong d. Singapore e. All of the above
Which of the following is the correct way to show the effects of a newly imposed import quota?
a. shift the demand for loanable funds left, the supply of dollars in the market for foreign- currency exchange left, and the demand for dollars in the market for foreign-currency exchange right b. shift the demand for loanable funds left, the supply of dollars in the market for foreign- currency exchange right, and the demand for dollars in the market for foreign-currency exchange left c. shift the demand for dollars in the market for foreign-currency exchange to the right d. shift the supply of dollars in the market for foreign-currency exchange to the left