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

Author Question: How did the European single currency evolved? What will be an ideal ... (Read 77 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
How did the European single currency evolved?
 
  What will be an ideal response?

Question 2

Under fixed exchange rate, the response of an economy to a temporary fall in foreign demand for its exports is
 
  A) the currency appreciates, and output falls.
  B) the currency depreciates, and output falls.
  C) the currency remains the same, and output decreases.
  D) the currency depreciates, and output remains constant.
  E) the currency appreciates, and output remains the same.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

softEldritch

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

The answer is related to the collapse of Bretton Woods and the European Currency reform of 1969-1978. The Werner Report of 1971 establishes three-phase program to lead to the EMU.

Answer to Question 2

C


lilldybug07

  • Hero Member
  • *****
  • Posts: 546
Reply #2 on: Jun 30, 2018
Thank you


softEldritch

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Environmental influences on the expression of PKU within a single family Environmental influences on the expression of PKU within a single family
Single bull elk are vulnerable to predation by wolves. Single bull elk are vulnerable to predation by wolves.
A European Rabbit (Oryctolagus cuniculus) in Tasmania A European Rabbit (Oryctolagus cuniculus) in Tasmania
European Bee-eaters, (Merops apiaster) European Bee-eaters, (Merops apiaster)
A single cell wide-band oxygen sensor has four wires with two for the heater and two for the sensor ... A single cell wide-band oxygen sensor has four wires with two for the heater and two for the sensor ...
Video: Hierarchical Sequencing Method - Sequence Tagged Sites

For a complete list of videos, visit our video library