An adjustment of central parities in the EMS is called a

A) realignment.
B) nominal appreciation or nominal depreciation.
C) real appreciation or real depreciation.
D) re-coupling.
E) re-paritization.

A

Economics

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Refer to the table above. Suppose that the only variable input that the firm uses is labor. What is the wage paid to a worker in the firm?

A) $1 B) $5 C) $10 D) $15

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If this year's price level is 126 and last year's price level was 120, the inflation rate is ________

A) 0.95 percent a year B) 5 percent a year C) 6 percent a year D) 1.05 percent a year

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