The exchange-rate arrangement that emerged from the Bretton Woods conference is often referred to as the:
a. dollar exchange standard.
b. euro exchange standard.
c. gold exchange standard.
d. silver exchange standard.
e. flexible exchange rate standard.
c
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The headline in the local paper today is "College tuition next fall will be raised by 3 percent." This statement is an example of
A) a normative statement. B) a positive statement. C) a macroeconomic statement. D) ceteris paribus.
Suppose that the cost of the CPI basket of goods and services rises from $137 in 2010, which is the base year, to $159 in 2011. The CPI in 2011 is ________ and the inflation rate from 2010 to 2011 is ________
A) 86; 14 percent B) 86; 22 percent C) 116; 22 percent D) 116; 16 percent E) There is not enough information to answer this question.
What is property income?
What will be an ideal response?
An increase in asymmetric information that increases financial frictions will tend to ________
A) increase the moral hazard and adverse selection problems in credit markets B) decrease financial frictions C) improve market efficiency D) decrease the moral hazard problem