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Which one of the following statements is true?
A.The less extensive are cross-border trade and factor movements, the greater is the gain from a fixed cross-border exchangeB.The more extensive are cross-border trade and factor m...
cyxssbWhich one of the following statements is the most accurate?
A.Fiscal policy has the same effect on output under fixed and flexible exchange rateB.Fiscal policy affects output more under fixed than under flexible exchange rateC.Fiscal policy...
cyxssbConsider the following information about a country’s
a.Merchandies trade balance (or goods balance) = 330–198=$132. Goods and services balance = (330+196)–(198+204)=$124.CA balance=124+3–8=$119. Surplus on the CA.b.CA+Financial Ac...
cyxssbWhich one of the following statements is the most accurate?
A.Appreciation is a rise in E when the exchange rate floats, and revaluation is a fall in E when the exchange rate isB.Appreciation is a fall in E when the exchange rate floats, an...
cyxssbWhich one of the following statements is the most accurate?
A.Depreciation is a rise in E when the exchange rate is fixed, and devaluation is a rise in E when the exchange rateB.Depreciation is a decrease in E when the exchange rate floats,...
cyxssbwhich one of the following statements is the most accurate
Under fixed rates, which one of the following statements is the most accurate?A.Fiscal policy can affect output, employment, and international reserves at the same time.B.Fiscal po...
cyxssb
