Author Question: If a country's currency is determined only by the demand and supply for that country's currency, the ... (Read 307 times)

Deast7027 · **on:** Jun 29, 2018

If a country's currency is determined only by the demand and supply for that country's currency, the country is said to have a

A) fixed exchange rate. B) gold standard.
C) managed float. D) floating exchange rate.

Question 2

If workers and firms expect that inflation will be 3 percent next year, and real wages are not changing over time, by how much will nominal wages increase?

A) more than 3 percent B) 3 percent
C) less than 3 percent D) depends on actual inflation for next year