[Answered] In the long run, when an economy experiences inflation, the price level _______

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Author Question: In the long run, when an economy experiences inflation, the price level ________ and the nominal ... (Read 39 times)

krzymel

Hero Member
Posts: 548

on: Jun 29, 2018

In the long run, when an economy experiences inflation, the price level ________ and the nominal interest rate ________.

A) rises; falls
B) rises; rises
C) rises; remains constant
D) remains constant; rises
E) falls; rises

Question 2

Since 1982, the United States has run a current account surplus every year.

Indicate whether the statement is true or false

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ryhom

Sr. Member
Posts: 366

Reply #1 on: Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

FALSE

krzymel

Hero Member
Posts: 548

Reply #2 on: Jun 29, 2018

Thank you

ryhom

Sr. Member
Posts: 366

Reply #3 on: Jun 29, 2018

Happy to help you

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Author Question: In the long run, when an economy experiences inflation, the price level ________ and the nominal ... (Read 39 times)

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