In a fixed exchange rate system,
A. The capital account surpluses must offset current account deficits.
B. A country can eliminate a surplus of its currency by eliminating its protectionist barriers to trade.
C. A balance-of-payments deficit can be corrected by expansionary fiscal and expansionary monetary policies.
D. Excess demand for a currency is eliminated by using foreign exchange reserves to increase demand.
Answer: B
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A) rationally if the act gives them satisfaction. B) irrationally because the act does not benefit anyone. C) in an unpredictable manner because the act involves no incentive. D) in a way that only makes themselves worse off.
How will increased usage of the Internet by employers and employees influence the job search process?
a. It will make job-related information more costly and, therefore, tend to increase the rate of unemployment. b. It will make job-related information less costly and, therefore, tend to increase the rate of unemployment. c. It will make job-related information more costly and, therefore, tend to reduce the rate of unemployment. d. It will make job-related information less costly and, therefore, tend to reduce the rate of unemployment.