In the IS curve, at __________ income levels, saving is __________, so the interest rate must be __________ to expand investment

Ceteris paribus means allowing all things to change.

a. true b. false

How would you define a currency board?

A) the process by which non-pegged interest rates are allowed to fluctuate B) the stockpiling of international reserves by developing countries C) using the dollar to carry out all domestic transactions, making the domestic currency a currency in name alone D) a constraint placed on monetary policy E) The monetary bases is backed entirely by foreign currency and the central bank holds no domestic assets.