Critics of the managed floating exchange rate system argue that it:
A. Is dominated by G-8 nations
B. Is a "non-system" with unclear rules
C. Increased the growth in world trade at too fast a rate
D. Puts too much reliance on the adjustable-peg mechanism for stabilizing exchange rates
B. Is a "non-system" with unclear rules
Economics
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Given the accelerationist Phillips curve ?? = - 0.3 (U - 6 ) + ?, suppose that inflation in the preceding period was 3 percent, unemployment is 7 percent, and there is no price shock. The current inflation rate is ________
A) 2.7 percent B) 3 percent C) 0.9 percent D) 3.3 percent E) none of the above
Economics
Most economists think that it is impossible to prevent asset price bubbles
a. True b. False Indicate whether the statement is true or false
Economics