Author Question: Proponents of the ________ model argue that the short-run supply curve is vertical. A) the ... (Read 106 times)

swpotter12 · **on:** Jun 29, 2018

Proponents of the ________ model argue that the short-run supply curve is vertical.

A) the monetarist model B) the new classical model
C) the new Keynesian model D) the real business cycle model

Question 2

If the price level in the United States is 110, the price level is 120 in Mexico, and the nominal exchange rate is 140 pesos per dollar, what is the real exchange rate from the U.S. perspective?

A) 94 B) 115 C) 128 D) 153