Under the Bretton Woods system, when a country adopted an expansionary monetary policy, thereby causing a balance of payments ________, the country would eventually be forced to implement ________ monetary policy
A) deficit; expansionary
B) deficit; contractionary
C) surplus; expansionary
D) surplus; contractionary
B
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Explain what factors determine the market supply of US corn. Pick the most appropriate list among the following.
A. the price of corn, the price of inputs going into corn, technology B. the price of corn, the price of inputs going into corn, technology, and the number of farms growing corn C. the price of related crops competing for land with corn, the price of inputs going into corn, technology, the number of farms growing corn D. the price of corn, the price of related crops competing for land with corn, the price of inputs going into corn, technology, and the number of farms growing corn
When considering setting the transfer price at the market price of a product similar to the intermediate good that is already available on the market
a. It is appropriate to ignore that the market price includes a margin above marginal cost b. It is OK if the product on the market includes costly features your downstream division does not use c. it is OK if the product on the market is inexpensive because its quality is lower than you use d. if it is similar enough, it calls into question whether there are gains from producing it in-house