What is the primary reason exchange rates were overvalued under ISI?
What will be an ideal response?
Because fixed exchange rates were used and inflation was higher than that of trading partners
Economics
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Using "chain-weighted" prices to calculate real GDP remedies the distortions causes by changes in relative prices over time
Indicate whether the statement is true or false
Economics
The typical movement of the aggregate supply curve resulting from an increase in productivity is that it
a. shifts inward and becomes flatter. b. shifts inward. c. shifts outward. d. becomes flatter. e. becomes steeper.
Economics