Which of the following lists of exchange-rate systems is arranged in proper historical order, from earliest to most current?
A. Bretton Woods system, gold standard, managed float.
B. Gold standard, managed float, Bretton Woods system.
C. Managed float, Bretton Woods system, gold standard.
D. Gold standard, Bretton Woods system, managed float.
D. Gold standard, Bretton Woods system, managed float.
Economics
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Economic theory asserts that:
a. both implicit costs and explicit costs are relevant in decision making. b. only implicit costs are relevant in decision making. c. only explicit costs are relevant in decision making. d. a cost to be incurred in the future should count more heavily than a cost incurred today
Economics
As the marginal propensity to consume (MPC) increases, the spending multiplier:
a. increases. b. decreases. c. remains constant. d. becomes indefinable.
Economics