The classical economists believed that if saving exceeded investment, the _____________.
Fill in the blank(s) with the appropriate word(s).
interest rate would decline
Economics
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The average of the bilateral rate changes for a nation, weighted by the importance of the trading partner, is known as the:
a. real exchange rate. b. nominal exchange rate. c. effective exchange rate. d. direct exchange rate.
Economics
When compared to perfect competition, in a monopsony
A. there is deadweight loss. B. there is no deadweight loss. C. consumer surplus decreases. D. the price is lower and the quantity is higher.
Economics