The exchange rate system agreed to in 1944, in which the U.S. government agreed to buy or sell gold at a fixed price of $35 per ounce, is referred to as
A) the Bretton Woods System. B) the gold standard.
C) a flexible exchange rate system. D) a floating currency standard.
A
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Which of the following best describes how an increase in the money supply shifts aggregate demand?
A. The money supply shifts right, prices fall, spending increases, and aggregate demand shifts right. B. The money supply shifts right, the interest rate falls, investment increases, and aggregate demand shifts right. C. The money supply shifts right, prices rise, spending falls, and aggregate demand shifts left. D. The money supply shifts right, the interest rate rises, investment decreases, and aggregate demand shifts left.
Which of the following statements is true?
A. A probit or logit model should be used for corner solution outcomes, and a Poisson regression model should be used for a binary response. B. A Poisson regression model should be used for corner solution outcomes, and a probit or logit model should be used for a binary response. C. A probit or logit model should be used for count variables, and a Poisson regression model should be used for a binary response. D. A Poisson regression model should be used for count variables, and a probit or logit model should be used for a binary response.