An exchange rate depreciation appears to consumers as a markdown on foreign products
a. True
b. False
Indicate whether the statement is true or false
False
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Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
What is the difference between a recessionary gap and an inflationary gap?
What will be an ideal response?
If a currency has a fixed exchange rate, it is not subject to the forces of supply and demand
Indicate whether the statement is true or false
Refer to the information provided in Figure 6.12 below to answer the question that follows.
Figure 6.12Refer to Figure 6.12. If Arthur moves from indifference curve 2 to indifference curve 1, then Arthur?s
A. total utility decreases. B. prices of the goods decrease. C. marginal utility decreases. D. total income increases.