Economic experience since 1973 indicate that, under floating exchange rates
A) large and persistent departures from external balance were not prevented.
B) large and persistent departures from external balance were prevented.
C) changes in exchange rates failed to act as automatic stabilizers.
D) reduced monetary policy autonomy.
E) monetary policy autonomy was protected.
A
Economics
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Supply is elastic if
A) a 1 percent change in price leads to a larger percentage change in quantity supplied. B) a 1 percent change in price leads to a smaller percentage change in quantity supplied. C) the slope of the supply curve is positive. D) the good in question is a normal good.
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What are the infant industry and dumping arguments for protection? Are they correct?
What will be an ideal response?
Economics