Which of the following is likely more important for explaining the slope of the aggregate-demand curve of a small economy than it is for the United States?
a. the wealth effect
b. the interest-rate effect
c. the exchange-rate effect
d. the real-wage effect
c
Economics
You might also like to view...
For substitutes, cross price elasticity of demand is:
a. Negative b. Positive c. between zero and one only d. zero.
Economics
The Bretton Woods agreements in 1944
a. established the International Monetary Fund. b. sanctioned world trade on the gold-exchange system. c. allowed nations to devalue their currencies under certain conditions. d. All of the above are correct.
Economics