Under the Bretton Woods system, a country could alter its exchange rate
A) by changing its value relative to gold.
B) whenever it determined that there was a fundamental disequilibrium.
C) only when the IMF permitted due to a fundamental disequilibrium.
D) under no circumstances.
C
Economics
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Due to the recession in 2008, firms decreased their profit expectations. As a result, there was a ________ shift in the ________ loanable funds curve
A) rightward; supply of B) leftward; demand for C) rightward; demand for D) rightward, supply of
Economics
A 10 percent increase in income increases the quantity of apple juice demanded from 18,800 to 21,200 gallons. The income elasticity of demand for apple juice is
A) 0.5. B) 0.8. C) 1.0. D) 1.2.
Economics