Author Question: In the European Monetary Union, the supply of euros A) is managed by the individual central banks ... (Read 96 times)

Mimi · **on:** Jun 30, 2018

In the European Monetary Union, the supply of euros

A) is managed by the individual central banks of the member countries.
B) is managed by the European Central Bank.
C) is determined by market forces.
D) automatically varied in response to short-run fluctuations in the exchange rates of the member nations.

Question 2

In macroeconomic modelling, as price flexibility increases ________.

A) the short-run aggregate supply schedule will get flatter
B) the short-run aggregate supply schedule will get steeper
C) the short-run aggregate supply schedule will shift to the right
D) the short-run aggregate supply schedule will shift to the left