Who guarantees that prices in the foreign exchange market are identical all over the world?
a. Governments.
b. Supranational organizations.
c. Central banks.
d. Tourists.
e. Arbitrageurs.
.E
Economics
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Over short time periods, deficits can help the economy cope with shocks
Indicate whether the statement is true or false
Economics
Gross Domestic Product in 2013 was almost five times larger than it was in 1960 but it is important to note that
a. none of the growth represented more output. b. measurement of output omitted any effect of inflation. c. the population grew substantially over the same time period. d. graphs of output were unable to display such growth.
Economics