At a long-run macroeconomic equilibrium, real GDP is always equal to potential GDP
Indicate whether the statement is true or false
TRUE
Economics
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If prices rise in the United States, everything else constant, the dollar __________ against the yen and the yen __________ against the dollar
A) appreciates; appreciates B) appreciates; depreciates C) depreciates; appreciates D) depreciates; depreciates
Economics
Which of the following individuals was responsible for introducing rational expectations into macroeconomic models?
A) Keynes B) Tobin C) Phillips D) Solow E) none of the above
Economics