The term "dirty float" is used to describe a
a. black market in foreign currencies.
b. floating currency that is "managed" by central bank authorities.
c. nation that switches from free to fixed exchange rates.
d. currency system used only in inflationary periods.
b
Economics
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Fiscal policy makers may indirectly control the money supply if
A) they vote to "print" more dollars B) the Fed targets interest rates C) the Fed "prints" money as cyclical deficits increase D) the budget deficit is a structural deficit
Economics
According to rational expectations theory, which of the following is the best approach to lower the inflation rate?
A. preannounced stable government policies B. unpredictable government policies C. first predictable and then unpredictable government policies D. None of these.
Economics