If the price level increases from 200 in year 1 to 220 in year 2, the rate of inflation from year 1 to year 2 is

The countries that dominated world manufacturing in the 1700s were overtaken by 1900 and are now considered struggling nations. Economic structuralists say this happened because Europe developed its economy by

a. establishing capital markets for technologies and industries. b. creating political systems that encouraged innovation and investment. c. conquering and impoverishing the rest of the world. d. letting commerce flourish rather than controlling it.

What is a currency system in which each country tries to keep the value of its currency constant against one another called?

What will be an ideal response?