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Which one of the following statements is TRUE?

Chako

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8 years ago

Which one of the following statements is TRUE?

Which one of the following statements is TRUE?
A) A fixed exchange rate automatically cushions the economy's output and employment by allowing an immediate change in the absolute price of domestic and foreign goods.
B) A fixed exchange rate automatically cushions the economy's output and employment by allowing an immediate change in the relative price of domestic and foreign goods.
C) A flexible exchange rate automatically cushions the economy's output and employment by allowing an immediate change in the relative price of domestic and foreign goods.
D) A flexible exchange rate automatically cushions the economy's output and employment by allowing an immediate change in the absolute price of domestic and foreign goods.
E) A flexible exchange rate does not automatically cushions the economy's output and employment by allowing an immediate change in the relative price of domestic and foreign goods.

Textbook

International Economics: Theory and Policy

International Economics: Theory and Policy

Edition: 10^th

Author: Krugman

Read 115 times

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machukian

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Chako Author

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#2

8 years ago

Correct!

machukian

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#3

8 years ago

Thanks for the feedback, I'm sure others will appreciate it too

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