The gold standard is
A) a type of floating exchange rate system.
B) a type of managed flexible exchange rate system.
C) a type of fixed exchange rate system.
D) a currency exchange system without exchange rates.
Answer: C
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Why do negative supply shocks present such a difficulty for the Federal Reserve?
a. the Fed can choose to fight the rising price level, but this will result in lower unemployment. b. the Fed can choose to fight the rising unemployment, but this will result in an even lower price level. c. the Fed can choose to fight the falling unemployment, but this will result in an even higher price level. d. the Fed can choose to fight the rising unemployment, but this will result in an even higher price level. e. the Fed can choose to fight the rising unemployment, but this will result in higher taxes.
The "too much of a good thing" situation in health care in the U.S. is a result of the following causes, except:
A. The information asymmetry between health-care providers and consumers B. The way health care spending is financed in the U.S. C. The interaction between insurance and technological progress in the health care industry D. The rising wages of health-care workers