Who helps calculate GDP in the United States?
A) the Bureau of Economic Analysis
B) the Census Bureau
C) the Bureau of Labor Statistics
D) all of the above
E) none of the above
D
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If we assume sticky prices in both foreign and domestic trading nations, the rate of pass-through from the nominal to the real exchange rate falls as:
a. the percentage of traded goods priced in foreign currencies rises. b. the percentage of traded goods priced in the domestic currency rises. c. the percentage change in the exchange rate exceeds the percentage increase in inflation. d. traders find new markets and are able to avoid nations with currency depreciations.
If wages are flexible, it is very likely that government intervention will be needed to push the economy out of a recessionary gap
Indicate whether the statement is true or false