The world price of a commodity will settle at the level where
a. supply and demand are equal within each country
b. the excess demand of the importing country is just equal to the excess supply of the exporting country.
c. the excess demand in the exporting country is equal to the excess demand in the importing country.
d. there is no excess demand in the exporting country.
b
Economics
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$1 received n years from now has a value today of
A) ($1 + i)/i. B) $1/(1 + i). C) ($1 + i /i. D) $1/(1 + i .
Economics
According to the accelerationist Phillips curve, ________
A) expectations adjust continually to the latest information B) increases in inflation cause the unemployment gap to widen C) inflation will change so long as an unemployment gap persists D) all of the above E) none of the above
Economics