Which of the following statements is the most accurate? In general,_____________
A: the monetary approach to the exchange rate is a long run theory.
B: the monetary approach to the exchange rate is a short run theory.
C: the monetary approach to the exchange rate is both a short and long run theory.
D: the monetary approach to the exchange rate neither long run nor short run theory.
E: the monetary approach to the exchange rate is considered less practical than the law of one price.
A: the monetary approach to the exchange rate is a long run theory.
B: the monetary approach to the exchange rate is a short run theory.
C: the monetary approach to the exchange rate is both a short and long run theory.
D: the monetary approach to the exchange rate neither long run nor short run theory.
E: the monetary approach to the exchange rate is considered less practical than the law of one price.
举一反三
- Which of the following is accurate? A: Monetary policy is neutral in both the short run and the long run. B: Though monetary policy is neutral in the long run, it may have effects on real variables in the short run. C: Monetary policy has profound effects on real variables in both the short run and the long run. D: Monetary policy has profound effects on real variables in the long run, but is neutral in the short run.
- Monetary policy affects employment A: only in the long run. B: only in the short run. C: in both the long run and the short run. D: in neither the long run nor the short run.
- The choice of exchange rate system does not affect the effectiveness of monetary policy.
- Most economists believe that classical theory describes the world in the short run but not in the long run
- The core of the European monetary system is（ ）。 A: European exchange rate mechanism B: European monetary unit C: European monetary fund D: European central bank