With regard to exchange rate determination, the law of one price is a useful theory only when applied to:
A. long-run periods of time.
B. forward exchange rates.
C. futures contracts.
D. very short-run periods of time.
Answer: A
Economics
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Countries with a low standard of living have low levels of total factor productivity. List 5 reasons that account for the low levels of total factor productivity
What will be an ideal response?
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Fiscal policy refers to the:
A. deliberate changes in government spending and taxes to stabilize domestic output, employment, and the price level. B. deliberate changes in government spending and taxes to achieve greater equality in the distribution of income. C. altering of the interest rate to change aggregate demand. D. fact that equal increases in government spending and taxation will be contractionary.
Economics