The European Monetary System represented a
A) exchange rate regime with 'bands.'
B) crawling peg.
C) a flexible exchange rate regime.
D) none of the above
A
Economics
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A monopoly will NOT be able to perfectly price discriminate if
A) obtaining information about each buyer's reservation price is too costly. B) demand is very elastic. C) demand is very inelastic. D) resale is impossible.
Economics
Figure 10-8
The economy depicted in is in
a. short-run equilibrium at less than the full-employment output level.
b. short-run equilibrium at an output level beyond full employment.
c. long-run equilibrium at point a.
d. long-run equilibrium at point b.
Economics