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Author Question: Economists use general equilibrium models of an economy to explain A) consumption levels. B) ... (Read 56 times)

nummyann

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on: Jun 30, 2018
Economists use general equilibrium models of an economy to explain
 
  A) consumption levels.
  B) production levels.
  C) relative prices.
  D) All of the above.

Question 2

If a currency rapidly depreciates, what are the possible negative results to the economy of using contractionary monetary policy to address the depreciation?
 
  What will be an ideal response?


Expo

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

National income falls and perhaps the economy goes into a recession.


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