The individual countries of the Eurozone are on which side of the "policy trilemma"?
A) free capital mobility and independent monetary policy
B) free capital mobility and fixed exchange rate
C) fixed exchange rate and independent monetary policy
D) fixed exchange rate and capital controls
B
Economics
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Under tacit collusion,
a. firms form an explicit agreement to cooperate b. prices are usually lower than under perfect competition c. firms are usually subject to prosecution in the United States d. there is no explicit agreement for firms to cooperate e. firms meet to set prices and output levels for the industry
Economics
Economists use assumptions in order to
A. make models more realistic. B. simplify complex real-world behavior. C. make their models fit the data. D. avoid using mathematics.
Economics