The Smoot-Hawley tariff set off an international trade war in the

Define the nominal interest rate and the real interest rate. Discuss the relationship between the nominal interest rate and the real interest rate

What will be an ideal response?

During the 1980s both the relative price and the purchases of BMWs increased dramatically. In the economic way of thinking,

A) the supply curve of BMWs shifted to the right. B) the demand curve for BMWs shifted to the right. C) the supply curve of BMWs shifted to the left. D) the demand curve for BMWs shifted to the left.