Which of the following is one component of the "trilemma" that is faced by policy makers in choosing monetary arrangements?
A) exchange rate stability
B) restrictions on international capital movements
C) tariffs and subsidies
D) restrictions on the migration of labor
E) global inflation
A
Economics
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Refer to Figure 28-8. A typical long-run Phillips curve would have the appearance of a curve running through points
A) A and B. B) A and C. C) B and C. D) A, B, and C.
Economics
Whatever a society uses as money, the distinguishing characteristic is that it must
A) be completely inflation proof. B) be generally acceptable as payment for goods and services or in the repayment of debt. C) contain gold. D) be produced by the government.
Economics