Purchasing power parity is the theory that, in the long run, exchange rates move to equalize
A) the relative purchasing power of currencies across countries.
B) nominal interest rates across countries.
C) real GDP across countries.
D) corporate profits across countries.
A
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In order to provide alternatives to drug-crop production, the Andean Trade Preference Act (ATPA) was created, providing Bolivia, Colombia, Ecuador, and Peru tariff free access to U.S. markets for many goods
Indicate whether the statement is true or false
If the Bush tax cuts were allowed to expire in 2010, the maximum personal income tax rate in the United States would have moved above 50 percent
a. True b. False Indicate whether the statement is true or false
An increase in the expected price level shifts the
a. short-run and long-run aggregate supply curves left. b. the short-run but not the long-run aggregate supply curve left. c. the long-run but not the short-run aggregate supply curve left. d. neither the long-run nor the short-run aggregate supply curve left.
Explain the “too big to fail” doctrine.
What will be an ideal response?