Discuss what factors could cause a real depreciation
What will be an ideal response?
Decrease in E; increase in P*; and decrease in P.
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In the one-period competitive model we have been studying
A) both consumption and total factor productivity are exogenous. B) consumption is exogenous and total factor productivity is endogenous. C) consumption is endogenous and total factor productivity is exogenous. D) both consumption and total factor productivity are endogenous.
Capital is a term economists use to refer to
a. man-made resources used to produce other goods and services. b. resources that are available in nature such as mineral deposits. c. money that is used to consume goods and services, to distinguish it from money that is saved. d. the value of the best alternative to an action.
This graph of negative externalities in production shows that the social costs of a negative externality are always ______ the private costs.
a. the inverse of
b. the same as
c. higher than
d. lower than
What is fiscal policy, and who is responsible for fiscal policy?
What will be an ideal response?