The term "dirty float" is used to describe:
a. international agreements about fishing rights that were developed in the 1960s.
b. the system of exchange rates, which relies primarily on market forces with limited government intervention.
c. the inflation that followed price controls implemented by the Nixon administration.
d. unsound monetary policy.
b. the system of exchange rates, which relies primarily on market forces with limited government intervention.
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A tariff refers to a limit on the number of goods that can be imported to a country
Indicate whether the statement is true or false
Price floors, when applied to agricultural markets, have
a. promoted the interests of consumers b. reflected the government's desire for greater equality in the distribution of goods among consumers c. created the need to print ration coupons d. created excess supply, which meant that the government would have to buy the excess supply to keep the prices from falling below the price floor e. created excess demand, which meant that the government had to prevent the price floor from rising above the equilibrium price