The United States abandoned the Bretton Woods system of exchange rates in

If an economy is represented by a point inside its production possibilities curve

A) it cannot produce more of one product unless it stops producing the other product entirely. B) it cannot possibly produce more of one product, even if it produces less of another product. C) it can produce more of one product only if it produces less of another product. D) it can produce more of one product even if it does not produce less of another product.

"Monetarism" advocates a monetary policy

A) at the full discretion of the Fed. B) that fixes the growth rate of money. C) that fixes a constant short-term interest rate. D) that fixes the growth rate of real GDP. E) that fixes the unemployment rate.