Under the Bretton Woods system the international reserve currency was the
A) U.S. dollar.
B) British pound.
C) German mark.
D) Japanese yen.
A
Economics
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Compared to Keynesians, Real Business Cycle theorists
a) have greater optimism regarding markets b) give a larger role to stabilization policy c) believe technology plays a relatively minor role in short run fluctuations d) are more likely to claim that individuals are unresponsive to price changes e) are relatively unconcerned with productivity shocks
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According to the law of demand, quantity demanded decreases as ________, ceteris paribus.
A. prices fall B. demand decreases C. demand increases D. prices rise
Economics