A fixed exchange rate is: a. determined by the forces of supply ...

[tfester]

A fixed exchange rate is:
 a. determined by the forces of supply and demand.
  b. the value of a nation's money in gold.
  c. the value of a nation's money determined by the World Bank.
  d. none of these.

Question 2

In the short-run Keynesian model, investment is:
 a. autonomous in relation to the interest rate.
  b. upward sloping in relation to the price level.
  c. downward sloping in relation to disposable income.
  d. autonomous in relation to real GDP.

[Pamela.irrgang@yahoo.com]

Answer to Question 1

b

Answer to Question 2

d