The classical notion of monetary neutrality is consistent both with a vertical long-run aggregate-supply curve and with a vertical long-run Phillips curve

In equilibrium, if both covered interest parity and uncovered interest parity hold, the expected future spot rate is equal to

A) the current spot rate B) the expected forward rate C) the future spot rate D) the current forward rate

Raul Prebisch was an Argentine economist who argued that

A) the terms of trade would decline for primary commodity exports. B) the terms of trade would decline for manufactured goods exports. C) imports substitution policies were a solution to export pessimism. D) Both A and C. E) Both B and C.