If the real exchange rate between the United States and Japan is ________, then it is cheaper to buy goods in Japan than in the United States
A) greater than 1.0
B) greater than 0.5
C) less than 0.5
D) less than 1.0
A
Economics
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Suppose output is $35 billion, government purchases are $10 billion, desired consumption is $15 billion, and desired investment is $6 billion. Absorption is equal to
A) $25 billion. B) $31 billion. C) $35 billion. D) $39 billion.
Economics
The Council of Economic Advisers consists of thirty members and a staff of several dozen economists
a. True b. False Indicate whether the statement is true or false
Economics