The above figure illustrates
A) a recessionary gap.
B) a full-employment equilibrium.
C) an inflationary gap.
D) an equilibrium at the economy's physical limits.
C
Economics
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What would happen if money did not exist?
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If Boliva's terms of trade changes from 1.00 to 1.20, it implies that
a. Bolivia is exporting more than it's importing b. Bolivia is importing more than it's exporting c. Bolivia's export prices have risen relative to its import prices d. Bolivia has lost the comparative advantage in the production of goods e. Bolivia now has an absolute advantage in the production of goods
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