The Bretton Woods System of exchange rates was established:
a. to solidify support for the then-existing gold standard.
b. to peg the worldwide price of silver to the price of gold.
c. in Europe before World War II to establish a flexible exchange rate regime.
d. in the United States in 1944 to develop a gold exchange standard.
e. by a mechanism that made gold the reserve currency of the system.
d
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From full long-run equilibrium, expectations of future exchange rates can only change when there is:
a. a political change. b. a permanent change in the quantity of money. c. a change in short-run interest rates. d. a temporary decrease in the quantity of money.
The unemployment rate is
A) the percentage of the labor force that is unemployed. B) the percentage of the number employed that is unemployed. C) the percentage of the working-age population that is employed. D) the percentage of the working-age population that is unemployed. E) the percentage of the labor force that is employed.