Which of the following is not appropriate, if we live in a world of fixed exchange rates?
A) monetary approach to the exchange rate
B) elasticities approach
C) monetary approach to the BOP
D) absorption approach
A
You might also like to view...
To assure a well-defined solution to the consumers' intertemporal choice problems, we must assume that consumers' preferences exhibit the properties that
A) consumers are all identical and that more is always preferred to less. B) more is preferred to less and that consumers prefer diversity. C) consumers like diversity and that more is sometimes preferred to less. D) more is sometimes preferred to less and that first-period consumption and second-period consumption are both normal goods.
Other things equal, an increase in aggregate spending tends to be associated with:
a. cost-push inflation. b. an economic depression. c. a lower level of equilibrium real GDP. d. demand-pull inflation. e. an increase in the quality of goods and services produced.