When exchange rates are very volatile, with a wide range of variation, the currency is said to be:
a. in limbo.
b. in free float.
c. perfectly flexible.
d. in sluggish float.
Ans: b. in free float.
Economics
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GDP can be used to measure both short-term changes (i.e., over several months) and long-term changes in economic activity
a. True b. False
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