Capital flight raises a country's real exchange rate
a. True
b. False
Indicate whether the statement is true or false
False
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For this question, assume that 1980 is the base year. Given macroeconomic conditions in the United States over the past three decades, we know that
A) nominal GDP is always smaller than real GDP since 1980. B) real GDP and nominal GDP would be equal for the entire period. C) real GDP is larger than nominal GDP from 2002 to 2008. D) real GDP and nominal GDP were equal in 1980. E) none of the above
A candidate who understands that in a two-person race the person closer to the center of the voter distribution will win is likely to
A) first take polls to figure out what the voters are thinking and then afterward propose policies that are consistent with the polls. B) first put forth his or her views on a whole host of issues and then afterward take polls to see if the majority of voters agree with him. C) speak in specific terms about what needs to be done. D) a and c E) b and c