A flexible exchange rate regime
A) does not describe the regime follow by the European Central Banks.
B) keeps the exchange rate fixed but lets the price of gold fluctuate
C) allows a currency to float
D) none of these choices.
C
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If, at some interest rate, the quantity of money demanded is less than the quantity of money supplied, people will desire to
a. sell interest-bearing assets, causing the interest rate to decrease. b. sell interest-bearing assets, causing the interest rate to increase. c. buy interest-bearing assets, causing the interest rate to decrease. d. buy interest-bearing assets, causing the interest rate to increase.
Because workers tend to work more when their after-tax wage increases, the government can increase tax revenue by cutting taxes. ?
Answer the following statement true (T) or false (F)