« previous next »

Author Question: Why does an exchange rate-output combination lying above both DD and AA jump first to AA in ... (Read 61 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: Jun 30, 2018
Why does an exchange rate-output combination lying above both DD and AA jump first to AA in equilibrium?
 
  A) Asset prices can adjust immediately.
  B) Production plans can adjust immediately.
  C) to preserve full employment
  D) Prices are nominal and demand is real.
  E) Aggregate demand adjusts faster than output.

Question 2

The median voter model
 
  A) works well in the area of trade policy.
  B) is not intuitively reasonable.
  C) tends to result in biased tariff rates.
  D) does not work well in the area of trade policy.
  E) is not widely practiced in the United States.


cdmart10

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Selected Combination Oral Antidiabetic Drugs Selected Combination Oral Antidiabetic Drugs
Factors Affecting the Environmental Lapse Rate (ELR): Heating or Cooling of the Lower Atmosphere Factors Affecting the Environmental Lapse Rate (ELR): Heating or Cooling of the Lower Atmosphere
How to solve rate problems leading to fractional equations (Question 1) How to solve rate problems leading to fractional equations (Question 1)
The rate of global emissions is rising rapidly, especially in India and China The rate of global emissions is rising rapidly, especially in India and China
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Same pair of homologs, but with an exchange occurring between two nonsister chromatids Same pair of homologs, but with an exchange occurring between two nonsister chromatids
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library