Historically, the most harmful bubbles are those financed by heavy borrowing and extensive use of leverage.

According to the table, the price of Big Macs converted to U.S. dollars varies widely around the world. This shows that Big Mac pricing does NOT follow the theory of

A) Ricardian equivalence. B) purchasing power parity. C) supply and demand. D) real versus nominal prices.

The U.S. dollar will depreciate if the Canadian inflation rate falls from 5 percent to 3 percent

Indicate whether the statement is true or false