The demand for the Franconian franc in the foreign exchange market equals 11,000 - 25,000e and the supply of francs in the foreign exchange market equals 9,000 + 25,000 e, where e is the nominal exchange rate expressed in U.S. dollars per franc. If the franc is fixed at 0.15 U.S. dollars per franc, then the franc is ________ and Franconia has a balance-of-payments ________.

Explain how a better-educated population will also tend to be healthier, and vice versa, that a healthier population will tend to be better educated

What will be an ideal response?

Which of the following is a normative macroeconomic statement?

a. An increase in government spending will reduce unemployment. b. An active government policy should be employed to maintain a healthy economy. c. The unemployment rate is 10 percent. d. There is a positive relationship between inflation and the rate of growth of money e. Gross domestic product grew 3 percent this year.