As of 2017, the euro had become the currency for:

A. 19 countries.
B. 25 countries.
C. 7 countries.
D. 12 countries.

Answer: A

Economics

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Under the Bretton Woods system

A) the United States was the only nation with floating exchange rates. B) all nations fixed the value of their currencies against the dollar. C) the United States was the only nation with a fixed exchange rate. D) all nations allowed the value of their currencies to be determined by the free market.

Economics

In the above figure, the aggregate demand curve is AD2, so the long-run equilibrium level of real GDP is

A) $16 trillion. B) $16.5 trillion. C) more than $16 and less than $16.5 trillion. D) None of the above answers is correct.

Economics