Economists segment the business cycle into phases and the phase characterized by a relatively high level of real GDP, full employment, and inflation identifies

The marginal propensity to save is

A) real consumption/real disposable income. B) change in real saving/change in real disposable income. C) change in real consumption/change in real disposable income. D) real saving/real disposable income.

Crawling pegs

A) are anti-inflationary because they require monetary discipline. B) are designed to stabilize real exchange rates when domestic inflation is less than inflation in other nations. C) reduce a nation's vulnerability to financial crises. D) lead to undervaluation of the domestic currency.