Author Question: Internal balance describes A) equilibrium in the goods market. B) a desired level of trade or ... (Read 87 times)

jwb375 · **on:** Jun 30, 2018

Internal balance describes

A) equilibrium in the goods market.
B) a desired level of trade or capital flows.
C) where the IS and BP curve intersect.
D) a domestic rate of growth consistent with a low unemployment rate.

Question 2

When a country's currency depreciates

A) foreigners find that its exports are more expensive, and domestic residents find that imports from abroad are more expensive.
B) foreigners find that its exports are more expensive, and domestic residents find that imports from abroad are cheaper.
C) foreigners find that its exports are cheaper; however, domestic residents are not affected.
D) foreigners are not affected, but domestic residents find that imports from abroad are more expensive.
E) foreigners find that its exports are cheaper and domestic residents find that imports from abroad are more expensive.