For main industrial countries such as Japan and the U.S
A) there is much less month-to-month variability of the exchange rate, suggesting that price levels are relatively sticky in the short run.
B) there is much more month-to-month variability of the exchange rate, suggesting that price levels are relatively sticky in the short run.
C) there is almost the same month-to-month variability of the exchange rate and price levels.
D) it is hard to tell whether month-to-month variability of the exchange rate is similar to changes in price levels.
E) there is much more month-to-month variability of the exchange rate, suggesting that price levels are relatively sticky in the long run.
B
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The above figure shows the market for the three moving companies in a small nation
If the movers act as perfect competitors, what is the price per mile and the number of miles per year? If the movers collude and act as a single monopoly, what is the price per mile and the number of lines per year?
If tastes are identical between countries, then comparative advantage is determined by
A) supply conditions only. B) demand conditions only. C) supply and demand conditions. D) Can't tell without more information.