If Thailand fixes the foreign exchange value of its currency and follows a highly expansionary monetary policy,
a. Thailand will be unable to maintain both the fixed-exchange rate and the full convertibility of its currency
b. Thailand will experience rapid economic growth.
c. it will be easier for Thailand to engage in international trade.
d. Thailand will have relatively low rates of inflation.
A
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Which statement is true?
A. There was a great deal of stagflation in the 1970s. B. We had the worst recession since World War II in the late 2000s. C. We have had twelve recessions since January, 1945. D. All of the choices are true.
To conduct a general equilibrium analysis of a change in consumer preferences away from beef and toward chicken, you must consider
A. changes in the price of resources allocated to the production of beef and chicken. B. changes in the amount of resources allocated to the production of beef and chicken. C. changes in the equilibrium prices and quantities of beef and chicken. D. all of the above