The shortest time lag for monetary policy is the implementation lag.

Net exports is calculated by subtracting what from exports?

a. aggregate expenditure b. government purchases c. imports d. inventories

While vacationing in Italy, you see an interesting meal on a menu. The price is 24 euros. A. If the exchange rate is .80 euros per dollar, how many dollars would you have to give up to buy the meal? B. If the dollar appreciated against the euro, but the price of the meal remained 24 euro, would the meal cost more or fewer dollars? Explain