An economic system in which relative prices change to reflect changes in supply and demand for different commodities is known as a

In the long run, the exchange rate between two currencies is

A) fixed. B) influenced by purchasing power parity. C) undefined. D) constant. E) determined so that the current account balance equals zero.

In banking-oriented systems, handling of the manager-stockholder conflict in large firms is through

A) rating agencies. B) the potential for takeovers. C) management ownership of the firm. D) bank ownership of the firm.