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Under Bretton Woods,
A.any foreign country cannot devalue its currency against the dollar in conditions of “fundamental ”B.any foreign country could devalue its currency against the dollar in conditi...
cyxssb“Under floating rates, the economy is more vulnerable
“Under floating rates, the economy is more vulnerable to shocks coming from the domestic money market.”Answer: The statement is true. Under floating rates, a rise in real domes...
cyxssbUnder Purchasing Power Parity,
A.E$/€ = PUS / P€.B.E$/€ = P€ / PC.E$/€ = PUS + P€.D.E$/€ = PUS - P€.E.None of the aboveAnswer: A
cyxssbUnder sticky prices,
A.a fall in the money supply raises the interest rate to preserve money market equilibrium.B.a fall in the money supply reduces the interest rate to preserve money market equilibri...
cyxssbUnder fixed exchange rate, in general,
A.the domestic and foreign interest rates are equal, R = R*.B.R = R* + (Ee – E)/E.C.None of theD.E is equal toE.One of theAnswer: A
cyxssbExplain why under fixed exchange rate, monetary policy
Explain why under fixed exchange rate, monetary policy is ineffective whereas under floating exchange rate it is effective in risingAnswer: Under floating, by purchasing domestic a...
cyxssbUnder the gold standard,
A.a perpetual surplus isB.a perpetual deficit isC.a perpetual surplus is impossible, but a perpetual deficit isD.a perpetual deficit is impossible, but a perpetual surplus isE.a pe...
cyxssbUnder the gold standard,
A.a shortage of currency leads to low domestic prices and a foreign payments surplus.B.a shortage of currency leads to high domestic prices and a foreign payments surplus.C.a short...
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