During the EMS crisis in 1992,
A) all the EMS countries abandoned the system.
B) Germany abandoned the system.
C) England and Italy abandoned the system.
D) France was put in charge of the system.
E) all the EMS countries stood firm, and refused to change central parities.
Question 2
Suppose the following situation exists for an economy: Kt+1/N < Kt/N. Given this information, we know that
A) saving per worker equals depreciation per worker in period t.
B) saving per worker is less than depreciation per worker in period t.
C) saving per worker is greater than depreciation per worker in period t.
D) the saving rate fell in period t.
E) none of the above