1.International macroeconomics focuses on:

A)isolated nations.

B) economy-wide variables such as interest rates, income, prices, and wealth.

C) city-level economic problems.

D) market-specific variables such as the price of orange juice.

2.Exchange rates exhibit:

A) steady behavior across the board.

B) erratic behavior across the board.

C) very different behavior, depending on whether the rates are fixed or floating.

D) variable behavior (sometimes steady and other times erratic), depending on the business cycle.

3.Nations undergoing currency and financial crises often experience:

A) rising currency values.

B) falling population.

C) government financial problems.

D) increasing GDP.