When the exchange rate fluctuates around a fixed central target, allowing for a moderate amount of fluctuation, while tying the currency to the target central rate, the exchange rate is under a(n):

According to Walton and Rockoff, all of the following were among Jefferson's main goals for land policy except:

a. To assure clear property rights to the land owned by individuals. b. To drive Indians off the land and secure it for American settlers. c. To provide revenues to the federal government through sales. d. To spread democratic institutions.

Demand is unit elastic whenever

a. price elasticity has an absolute value of 1 b. price elasticity has an absolute value greater than 1 c. price elasticity has an absolute value less than 1 d. price elasticity is negative e. consumers always respond to a one-dollar change in price by decreasing their quantity demanded by one unit