The real business cycle theory emphasizes that in today's modern age, ________ technology plays a significant role in causing economic fluctuations
A) obsolete ideas in
B) advances in
C) shocks to
D) duplications in
C
Economics
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Most of the spending by the federal government is for transfer payments and interest
Indicate whether the statement is true or false
Economics
By how much does the real, bilateral exchange rate change when the nominal, bilateral exchange rate changes from $1.10/€ to $1.00/€, the U.S. tradable basket from $500 to $600 and the Euro-Area tradable basket from €550 to €580?
a. The real exchange rate rises approximately by 18%. b. The real exchange rate rises approximately by 20%. c. The real exchange rate rises approximately by 3% d. The real exchange rate falls approximately by 3% e. The real exchange rate falls approximately by 20%
Economics