How do the nominal exchange rate and the real exchange rate differ?
The nominal exchange rate is the rate at which a person can trade the currency of one country for the currency of another. The real exchange rate is the rate at which a person can trade the goods and services of one country for the goods and services of another.
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The productivity slowdown in the United States from 1973 to 1995
A. can be explained easily with economic theory. B. continued into the third millennium. C. still confuses economists. D. was a continuation of the slowdown from 1948 to 1973.
A saver can eliminate _______ risk through ________________.
A. systemic; diversification B. idiosyncratic; diversification C. systemic; asset valuation D. idiosyncratic; asset valuation
The long-run growth in the economy depends on all of the following, except:
a. the growth in productive resources. b. the level of technological development in the country. c. the increase in the availability of inputs. d. the increase in the productivity of inputs. e. the number of economic contractions witnessed in a year.
Which component of AE (AD) makes the greatest contribution to GDP?
(a) Domestic household expenditure (C). (b) Exports (X). (c) Investment (I). (d) The net expenditure of central and local government (G).