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Author Question: Refer to the scenario above. If the size of population is same in both the countries, at the ... (Read 63 times)

ec501234

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Refer to the scenario above. If the size of population is same in both the countries, at the steady-state equilibrium:
 
  A) the GDP per capita of country A will be higher than that of country B.
  B) the GDP per capita will be the same in both countries.
  C) the capital stock will be the same in both countries.
  D) the GDP per capita of country B will be higher than that of country A.

Question 2

Which of the following is likely to happen if the Fed conducts a contractionary monetary policy?
 
  A) Labor demand will increase.
  B) The nominal interest rate will decrease.
  C) The stock of money in the economy will decrease.
  D) Banks will make more loans.


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meow1234

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ec501234

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


bblaney

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Reply 3 on: Yesterday
Gracias!

 

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