When the value of a currency is determined ________, the exchange rate system is defined as a floating exchange rate system
A) by its issuing government, with occasional readjustments in value
B) only by supply and demand
C) by its issuing government
D) mostly by supply and demand, but with occasional government intervention
B
Economics
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Using AD & LRAS explains the business cycle.
a. true b. false
Economics
Related to the Economics in Practice on p. 647: Surveys by the bank of England suggest that two important factors in influencing consumer perceptions of inflation are ________ and ________.
A. the value of the British pound; the value of the euro B. gas prices; media attention to price increases C. interest rates; the unemployment rate D. food prices; the stock of money
Economics