The Switch to Flexible Exchange Rates in 1973 Has Made

question 122

Multiple Choice

The switch to flexible exchange rates in 1973 has made the effect of monetary policy on net exports a ________ important component of the monetary policy multiplier process,and thus has ________ the effectiveness lag.

• A)more,lengthened
• B)more,shortened
• C)less,lengthened
• D)less,shortened

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Definitions:

Alleles

Variants of a gene that occur on the same place on a chromosome and determine distinct traits that can be passed from parents to offspring.

Gamete Formation

This is the process by which male and female reproductive cells (gametes) are produced, typically involving meiosis to ensure genetic diversity.

Recessively Inherited Trait

A genetic characteristic that is expressed in an organism only when two recessive alleles for the trait are inherited, one from each parent.

Chlorophyll

Green photosynthetic pigment of algae and plants that absorbs solar energy; occurs as chlorophyll a and chlorophyll b.