A persistent shortage or surplus of a currency under the Bretton Woods system was evidence of
A) failure to support the existing fixed exchange rate by central banks.
B) speculation against the currency by speculators in world exchange markets.
C) fundamental disequilibrium in the country's exchange rate.
D) all of the above
C
Economics
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Explain the relationship(s) between full employment, cyclical unemployment, the natural unemployment rate, and potential GDP
What will be an ideal response?
Economics
Which of the following best illustrates the unit of account function of money?
A) You list prices for clothing sold on your Web site, www.nattydresser.com, in dollars. B) You pay for your cruise tickets with dollars. C) You keep $50 in your backpack for emergencies. D) You keep your tips earned from your tour guide job in a separate jar at home.
Economics