For a country with a fixed exchange rate, foreign exchange reserves are
A) an asset of the domestic government.
B) a liability of the domestic government.
C) held by private banks.
D) are unnecessary.
A
Economics
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A predominant view among Federal Reserve officials is that
A) the Phillips curve is unimportant. B) the Phillips curve helps us forecast inflation. C) the Phillips curve helps us forecast the nominal interest rate. D) the Phillips curve does not exist in the data.
Economics
Compared to the present value of a high school education, the present value of at least a college education is
a. 100 times as great b. nearly double c. the same d. about half e. Present value cannot be used to analyze education
Economics