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Author Question: If the rate of inflation in the United States exceeds the rate of inflation in Great Britain we ... (Read 191 times)

newbem

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on: Jun 29, 2018
If the rate of inflation in the United States exceeds the rate of inflation in Great Britain we would expect the U.S. dollar to depreciate in value against the British pound.
 
  Indicate whether the statement is true or false

Question 2

Think of examples of goods whose relative price has risen or fallen by a large amount.
 
  What will be an ideal response?


EAN94

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

Some examples of items where both the money price and the relative price have risen over time are gasoline, college tuition, and food. Some examples of items where both the money price and the relative price have fallen over time are personal computers, HD televisions, and calculators.


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