In the long run, the exchange rate between two currencies is
A) fixed.
B) influenced by purchasing power parity.
C) undefined.
D) constant.
E) determined so that the current account balance equals zero.
B
Economics
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For a perfectly competitive firm, the value of the marginal product is
A) the same thing as marginal factor cost. B) the same thing as marginal physical product. C) marginal physical product times the product price. D) marginal physical product times the wage rate.
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The U.S. federal government relies more heavily on ____ than any other government
a. excise taxes b. sales taxes c. customs duties d. income-based taxes
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