Income is considered to be a

One of the chief advantages of exchange rate pegging is that ________

A) a country is able to pursue an independent monetary policy over the course of the business cycle B) it can be an effective means of reducing inflation C) the currency can be used to promote export growth D) it allows the monetary authorities to actively respond to the problems of inflation and unemployment

Refer to Figure 9.1. If the government establishes a price ceiling of $20, how many widgets will be sold?

A) 20 B) 30 C) 40 D) 50 E) 60