An exception to the law of one price occurs if
A) the good is not tradeable.
B) demand for the good is stronger in some countries than in others.
C) exchange rates are flexible, rather than fixed.
D) interest rates differ across countries.
A
Economics
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On a supply-and-demand diagram, equilibrium is found
A) where the supply curve intercepts the vertical axis. B) where the demand curve intercepts the horizontal axis. C) where the demand and supply curves intersect. D) at every point on either curve
Economics
An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.
Economics