Other things the same, an increase in the price level causes the real value of the dollar to fall in the market for foreign-currency exchange
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which explanation for persistent unemployment used by the original Keynesian model is no longer needed in the new Keynesian model?
A) shifting IS curve B) a fixed nominal wage C) aggregate supply curve is a function of the nominal wage D) rigid wages and prices
Economics
Which criterion is NOT useful when evaluating a theory?
A) It has predictive power. B) It fits one's pre-conceived bias. C) It offers a model consistent with investor behavior. D) It explains actual data well.
Economics