This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a country has a fixed exchange rate, A) the equilibrium exchange rate in that market does not ... (Read 130 times)

Destiiny22

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
If a country has a fixed exchange rate,
 
  A) the equilibrium exchange rate in that market does not respond to changes in supply and demand for currency.
  B) the exchange rate is allowed to fluctuate in response to changes in the supply and demand for currency.
  C) central banks have more control over real GDP in the economy.
  D) central banks must buy and sell their holdings of currencies to maintain a given exchange rate.

Question 2

What is efficiency?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Leostella20

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

Efficiency is the condition in which the economy is producing what people want at the least possible cost.


Destiiny22

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Rate enhancement by entropy reduction Rate enhancement by entropy reduction
How would you rate your overall health?” The percent of adults answering “excellent” or ... How would you rate your overall health?” The percent of adults answering “excellent” or ...
How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ... How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ...
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ... Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ...
Application of the Hardy–Weinberg equilibrium Application of the Hardy–Weinberg equilibrium
Video: Introduction to Spirometry

For a complete list of videos, visit our video library