International trade under a floating exchange rate system
a. has been trouble-free owing to the stabilizing role of speculators in the currency markets.
b. has suffered from so many problems that the volume of trade has declined significantly.
c. exposes businesses to unavoidable risks when exchange rates change.
d. has been subject to wild runs on currencies that were on the verge of devaluation.
c
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When the United States engaged in quantitative easing from 2008 to 2014, ________ rose sharply
A) bank reserves B) inflation C) the unemployment rate D) the money supply
Suppose that the government reduces income taxes. Which of the following is the most likely result?
a. An increase in human capital investment b. A decrease in consumption c. An increase in government spending d. A decrease in government spending e. A decrease in human capital investment