Other things being constant, if the U.S. real rate of interest exceeds that of its trading partners, we expect
A. an appreciation of U.S. currency.
B. a worsening of the U.S. balance of payments.
C. political instability in the United States.
D. that a "dirty float" will emerge.
Answer: A
Economics
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A progressive tax is such that:
A. tax rates are higher the greater one's income. B. the same tax rate applies to all income receivers, so that the rich pay absolutely more taxes than the poor. C. entrepreneurial income is exempt from taxation. D. the revenues it yields are spent on transfer payments.
Economics
________: the number of units of foreign currency that can be exchanged for one unit of domestic currency
Fill in the blank(s) with correct word
Economics