Explain why it may make sense for the United States, Japan, and Europe to allow their mutual exchange rate to float?
What will be an ideal response?
Even though these regions trade with each other, the extent of that trade is modest compared with regional GDPs and interregional labor mobility is low.
Economics
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The inflation rate = ________
A) nominal GDP - real GDP B) growth rate in real GDP - growth rate in nominal GDP C) growth rate in real GDP + growth rate in nominal GDP D) nominal GDP รท real GDP E) none of the above
Economics
For a given price level, an upward shift of the expenditures schedule corresponds to an
a. inward shift of the aggregate demand curve. b. outward shift of the aggregate demand curve c. outward shift of the aggregate supply curve. d. inward shift of the aggregate supply curve.
Economics