An adjustment of central parities in the EMS is called a A) ...

[ishan]

An adjustment of central parities in the EMS is called a
 
  A) realignment.
  B) nominal appreciation or nominal depreciation.
  C) real appreciation or real depreciation.
  D) re-coupling.
  E) re-paritization.

Question 2

As an economy adjusts to an decrease in the saving rate, we would expect output per worker
 
  A) to decrease at a constant rate and continue decreasing at that rate in the steady state.
  B) to decrease at a permanently higher rate.
  C) to increase at a permanently higher rate.
  D) to return to its original level.
  E) none of the above

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Answer to Question 1

A

Answer to Question 2

E