In the above figure, which point corresponds to an increase in technology?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
C
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If the cost of a typical basket of goods in the U.S. is $100 and in France it is 400 euros, and the nominal exchange rate is 2 euro per dollar, what is the real exchange rate?
A. 0.5. B. 1.0. C. 1.5. D. 2.0.
Forward linkages are the demands created by new supply capacities
Indicate whether the statement is true or false
The majority of economists believe that future innovations will not be transformational enough to sustain high economic growth rates in the U.S. and western Europe
a. True b. False Indicate whether the statement is true or false
An inflationary gap exists when consumers and businesses are demanding more output than the economy is capable of producing at full employment.
Answer the following statement true (T) or false (F)