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Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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a) A fixed exchange rate is preferable to a flexible exchange rate because aggregate economic policies will be more effective. it is less costly to finance balance-of- payments disequilibria. periodic devaluations or revaluations will be unnecessary. None of these. b) The economy is in short-run equilibrium Group of answer choices at any point on the IS curve. only at the natural level of GDP. at any point on the LM curve. only at a point that is on both the IS and LM curves.
Transcribed Image Text:a) A fixed exchange rate is preferable to a flexible exchange rate because aggregate economic policies will be more effective. it is less costly to finance balance-of- payments disequilibria. periodic devaluations or revaluations will be unnecessary. None of these. b) The economy is in short-run equilibrium Group of answer choices at any point on the IS curve. only at the natural level of GDP. at any point on the LM curve. only at a point that is on both the IS and LM curves.
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