The Term "Dirty Float" Is Used to Describe A

question 43

Multiple Choice

The term "dirty float" is used to describe a:

• A)​currency that is allowed to float only in prosperous times.
• B)​nation that switches from free to fixed rates of exchange.
• C)​black market in foreign currencies.
• D)​floating currency that is sometimes changed by government central bank authorities.

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Definitions:

Structural Unemployment

A form of unemployment caused by a mismatch between the jobs available and the skill levels of the unemployed, often due to technological changes or shifts in the economy.

Frictional Unemployment

Short-term unemployment occurring when individuals are between jobs or are seeking their first jobs.

Prosperity Phase

A period in the business cycle characterized by economic growth, high employment, and rising incomes.

Three-Phase Cycle

A conceptual model describing the three stages of economic cycles: expansion, peak, and recession.