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Author Question: When the value of a currency is determined mostly by demand and supply, but with occasional ... (Read 82 times)

soccerdreamer_17

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on: Jun 29, 2018
When the value of a currency is determined mostly by demand and supply, but with occasional government intervention, the exchange rate system is defined as
 
  A) floating. B) fixed. C) Bretton Woods. D) managed float.

Question 2

Gretchen expects the price level to rise from 104 this year to 108 next year, and she is able to incorporate these expectations into her wage contract. If the price level rises to 106 next year instead of 108, which of the following will occur?
 
  A) Gretchen's real wage may rise or fall, depending on the unemployment rate.
  B) Gretchen's real wage will rise.
  C) Gretchen's real wage will fall.
  D) Gretchen's real wage will be unchanged.


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EAN94

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


soccerdreamer_17

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

xoxo123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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