An optimum currency area functions best when labor is immobile from country to country
a. True
b. False
B
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Suppose the economy is in long-run equilibrium. If the government decreases its expenditures, eventually the decrease in aggregate demand causes price expectations to
a) fall. This fall in price expectations shifts the short-run aggregate-supply curve to the right. b) fall. This fall in price expectations shifts the short-run aggregate-supply curve to the left. c) rise. This rise in price expectations shifts the short-run aggregate-supply curve to the right. d) rise. This rise in price expectations shifts the short-run aggregate-supply curve to the left.
The current structure of financial markets can be best understood as the result of attempts by financial market participants to
A) adapt to continually changing government regulations. B) deal with the great number of small firms in the United States. C) reduce transaction costs. D) cartelize the provision of financial services.