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 210 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
:D TYSM

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Bacteria exchange DNA by several processes Bacteria exchange DNA by several processes
Hydrostatic Equilibrium Hydrostatic Equilibrium
Situations Causing Changes in Respiratory Rate Situations Causing Changes in Respiratory Rate
How to solve rate problems leading to fractional equations (Question 1) How to solve rate problems leading to fractional equations (Question 1)
Population growth and growth rate, 1950 - 2100 Population growth and growth rate, 1950 - 2100
A close relationship between greenhouse gas emissions and a country’s gross domestic product A close relationship between greenhouse gas emissions and a country’s gross domestic product
Video: Blood Flow Through the Kidneys

For a complete list of videos, visit our video library