Advocates of flexible exchange rates claim that under flexible exchange rates
A) enhanced control over fiscal policy would allow countries to dismantle their distorting barriers to international payments.
B) reduced control over monetary policy would allow countries to dismantle their distorting barriers to international payments.
C) enhanced control over monetary policy would allow countries to increase their distorting barriers to international payments.
D) enhanced control over monetary policy would allow countries to dismantle their distorting barriers to international payments.
E) enhanced control over monetary policy would destabilize exchange rates.
D
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The figure above shows the market for college education in the United States. If the government has a goal of enrolling the efficient number of students each year, the government should provide a voucher to students equaling ________
A) $16,000 B) $13,000 C) $11,000 D) $5,000 E) $7,000
The monetary base consists of
A) currency in circulation and Federal Reserve notes. B) currency in circulation and the U.S. Treasury's monetary liabilities. C) currency in circulation and reserves. D) reserves and Federal Reserve Notes.