The notion that expectations will be identical to optimal forecasts using all available information is known as ________

The fact that there is a very limited amount of land in Hong Kong means the supply of new apartments in Hong Kong is

A) inelastic. B) elastic. C) unit elastic. D) perfectly elastic. E) limited by the demand.

In 2005, China increased the price of its currency while continuing to pursue a fixed exchange rate. This change in policy is called

A) an appreciation. B) a depreciation. C) a peg. D) a devaluation. E) a revaluation.