If the U.S. dollar were to cease to be the leading international reserve currency,
A) U.S. households and businesses would be unaffected.
B) U.S. households and businesses would be subject to increased exchange rate risk.
C) interest rates in the U.S. would be lower.
D) the U.S. monetary base would contract.
B
Economics
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Refer to Figure 12.4. Since the housing bubble burst and the economy returned to its initial, pre-bubble level before the corrective policy changed output, the impact of the change in policy is best represented as a movement from
A) point A to point B. B) point C to point D. C) point B to point D. D) point C to point B.
Economics
An example of a firm with market power is a
a. delicatessen in New York. b. cable TV provider in Tulsa. c. clothing store in Chicago. d. family farm in Kansas.
Economics