In order to maintain a fixed exchange rate:
A. a country cannot change its money supply.
B. a country must constantly increase its money supply.
C. a country must constantly decrease its money supply.
D. Maintaining a fixed exchange rate is unrelated to the money supply.
A. a country cannot change its money supply.
Economics
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Moral hazard occurs ________ an agreement is made and when monitoring the parties to the agreement is ________
A) before; easy B) before; costly C) after; easy D) after; costly
Economics
If the price of oil goes up by 50% and the quantity demanded goes down by 25%, the absolute value of the price elasticity of demand is
A) 0.25. B) 0.50. C) 0.75. D) 1.00.
Economics