If at current exchange rates it was cheaper to buy a product in country A than country B, the purchasing power parity theory would increase the relative exchange value of country A's currency

Match each of the following jobs to its major area: forecasting, analysis, research, or data development. Explain your answers

(a) Economist at university, testing theories about the efficient allocation of resources in the foreign exchange market (b) Economist at Wall Street firm trying to predict the rate of inflation next year using past data (c) Economist at auto firm looking at demand for new automobiles (d) Economist at the International Trade Commission trying to determine whether foreign firms are dumping goods in the United States (e) Economist at the Commerce Department developing new methods for calculating price indexes (f) Economist consulting in Eastern Europe about how to set up free-market financial systems

The institution ultimately responsible for managing the nation's money supply and coordinating the banking system to ensure a sound economy is called a:

A. peoples' bank. B. central bank. C. national bank. D. public banking system.