In the short run, a temporary increase in fiscal policy causesA.a shift of the DD curve to the left, an increase in output, and currency appreciation.B.a shift of the DD curve to t...
The main reason(s) why governments sometimes chose to devalue their currencies is (are):A.devaluation allows the government to fight domestic unemployment despite the lack of effec...
A.Relative PPP is not a reasonable approximation to theB.Relative PPP is sometimes a reasonable approximation to the data but usually performsC.Relative PPP is sometimes a reasonab...
A.A rise in domestic real income raises aggregate demand for homeB.A rise in domestic real income decreases aggregate demand for home output because of the increased demand forC.A ...