How do you determine is a foreign exchange market is efficient?
A) See if the market rates adjust quickly to new and relevant information.
B) See if systematic profit opportunities are quickly eliminated.
C) See if forward rates are equal to expected future spot rates.
D) All of the above should be true if a foreign exchange market is efficient.
D
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If the demand curve for oranges is a downward sloping straight line, the price elasticity of demand will increase the
A) higher the price of oranges. B) higher the price of other fruits. C) higher the income level of consumers. D) lower the price of oranges.
An example of a nominal variable is ________
A) income measured at current market prices B) expenditures in terms of the quantities of actual goods C) the chain weighted measure of GDP D) all of the above E) none of the above