Which of the following had resulted from the Smithsonian agreement of 1971?
a. Devaluation of the U.S. dollar
b. Dissolution of a fixed exchange rate regime
c. Appreciation of the U.S. dollar
d. Establishment of an equilibrium exchange rate
e. Laissez-faire in the foreign exchange market
a
Economics
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The variable measured on the y-axis increases whenever the variable measured on the x-axis increases. As a result, the relationship between the variables will
A) be negatively sloped. B) have a slope of zero. C) be a vertical line. D) be none of the above.
Economics
A shortage will develop when
A. the quantity supplied is greater than the quantity demanded. B. the government provides subsides to producers. C. the discovery of new technology reduces production costs. D. the market price is below the equilibrium price.
Economics