The Bretton Woods system required countries to actively buy and sell dollars to maintain fixed exchange rates when:
a. a country experienced a severe bout of inflation.
b. the free market equilibrium exchange rate differed from the fixed rate.
c. a country experienced serious unemployment.
d. the threat of recession began to spread from one country to another.
e. worldwide trade began to deteriorate.
b
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A physician's ability to induce demand is greatly enhanced when
a. patients pay their own medical bills. b. patients request follow-up visits. c. patients have difficulty gathering and processing information. d. the physician follows strict treatment guidelines. e. treatment options are limited.
(Advanced analysis) Answer the question on the basis of the following information. The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0.2Q. Refer to the given information. If demand changed from P =
10 - .2Q to P = 7 - .3Q, the new equilibrium quantity is: A. 10. B. 20. C. 15. D. 30.