Offering different opportunities to similar individuals who differ only by race, ethnic group, sex, age, or other personal characteristics is called

The nominal exchange rate is

A) the difference between the interest rate in one country and the interest rate in another country. B) the rate at which a bond may be exchanged for currency. C) the rate at which a stock may be exchanged for currency. D) the price of one country's currency in terms of another's.

The length of money or commodity demand disturbances is important to the "policy activism" debate between non-activists and activists because

A) changing the money supply affects the economy with a lag. B) changes in private spending must be offset by policy debate. C) Both A and B are correct. D) None of the above is correct.