If a country has a ________ exchange rate, its central bank must buy and sell its holdings of currencies to maintain a given exchange rate

Which industry was deregulated in the late 1970s and 1980s?

a. low-cost housing b. pharmaceuticals c. airlines d. electricity

Suppose hamburger is an inferior good, but not a Giffen good, for Bob. If the price of hamburgers increases,

A) the income effect is greater than the substitution effect. B) the income effect is smaller than the substitution effect. C) consumption of hamburger will increase. D) We are unable to judge the change of hamburger consumption.