The newest fixed exchange rate system is the
A) European Monetary System.
B) euro in the European Union countries.
C) Bretton Woods system.
D) gold standard.
B
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If the real interest rate falls, there is
A) a leftward shift of the supply of loanable funds curve and no shift in the demand for loanable funds curve. B) an upward movement along the supply of loanable funds curve. C) a downward movement along the supply of loanable funds curve. D) a rightward shift of the supply curve of loanable funds and no shift in the demand for loanable funds curve. E) a leftward shift of the supply of loanable funds curve and a rightward shift in the demand for loanable funds curve.
The resource income earned by those who supply labor services is called
A) profit. B) bonus. C) stock options. D) wages and salaries.