The Figure Below Shows the Demand (D) and Supply (S)

question 71

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-The exchange rate that is established in the absence of foreign exchange market intervention by the government is known as a(n) :

• A)historical anachronism.
• B)fixed exchange rate.
• C)"dirty float" exchange rate.
• D)unmanaged exchange rate.
• E)free market equilibrium exchange rate.

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Definitions:

APS

A generic term potentially referring to various organizations or concepts; without specific context, a precise definition cannot be provided. If referring to economic terms, it might be erroneous or too vague without further context.

Disposable Income

Disposable income is essentially the finance available for individuals or families to save or expend after all income tax charges have been subtracted.

Autonomous Consumption

Consumer spending that does not depend on current income, influenced instead by factors like wealth and basic needs.

Autonomous Consumption

The level of consumption that occurs when income is zero, representing the expenditures needed to meet basic needs.