If a country's currency is determined only by the demand and ...

[Deast7027]

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

[alexanderhamilton]

Answer to Question 1

D

Answer to Question 2

B

[Deast7027]

Excellent

[robbielu01]

TYSM