The term "dollarization" refers to the adoption of the U.S. dollar by a foreign country as its currency
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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If the marginal propensity to save is 0.3, the size of the multiplier is:
A. 0.7. B. 3.3. C. 1.3. D. 2.3.
Economics
Which of the following effects takes place as a result of automatic stabilization?
A) extra tax revenues are generated in a boom B) tax revenues remain constant during a recession C) leakages increase during a recession, helping to stimulate the economy D) Both A and C are correct.
Economics