The real wage equals the nominal wage ________ the CPI, all times 100

Under the Exchange Rate Mechanism of the European Monetary System, when the German mark depreciated below its lower limit against the British pound, the German central bank was required to buy ________ and sell ________,

thereby ________ international reserves. A) pounds; marks; losing B) pounds; marks; gaining C) marks; pounds; gaining D) marks; pounds; losing

Measuring the national income accounts can NOT be helpful in explaining things like:

A. rates of return on a firm's capital. B. economic booms. C. unemployment rates. D. rates of inflation