A devaluation causes which of the following to occur in the medium run?
A) an increase in net exports
B) an increase in the price level
C) an increase in output
D) all of the above
E) none of the above
B
Economics
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In the quantity equation, the total output of the economy Y is used instead of transactions T because:
A. income is harder to measure than transactions. B. transactions are harder to measure than income. C. transactions grow at a faster rate than income. D. transactions grow at a slower rate than income.
Economics
Wage negotiations in baseball can fit the bilateral monopoly situation when a star player negotiates with an owner. Explain how collective bargaining would be used in wage negotiations and the role of player strikes
Economics