A. Pay rates within the private sector
B. pay rates in the public sector
C. investment in education
D. Benefits available for the unemployed and sick
A. Spending on health
B. Spending on defence
C. Firms investment decisions
D. Spending on education
A. A policy
B. A way of reaching a target
C. A target
D. A strategy
A. interest rate adjustment
B. central bank intervention in the Forex
C. domestic wage and price adjustment
D. devaluation
A. low inflation
B. low interest rates
C. stable nominal exchange rates
D. budget deficits and government debt under control
E. all of the above
A. permanently fixed capital movements floating exchange rates a fixed structure of interest rates
B. permanently fixed exchange rates, free capital movements, a single interest rates
C. a common currency a single central bank, common monetary policy
D. a common currency floating exchange rates common monetary policy
A. European union, single market
B. Western European, single currency area
C. European Union, single currency area
D. Western European, single market
A. The ECU
B. currency swap agreement between member
C. the exchange rate mechanism
D. all of the above
A. crowds out imports
B. crowds out public consumption
C. crowds out exports
D. reduces the budget deficit
A. stable
B. predictable
C. volatile
D. depreciating