« previous next »

Author Question: What are the differences between the real exchange rate and nominal exchange rate? Explain. What ... (Read 41 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: Jun 30, 2018
What are the differences between the real exchange rate and nominal exchange rate? Explain.
 
  What will be an ideal response?

Question 2

Which of the following individuals first discovered the relationship between unemployment and inflation for the United States?
 
  A) Solow and Friedman
  B) Samuelson and Solow
  C) Friedman and Phillips
  D) Friedman and Phelps


javimendoza7

  • Sr. Member
  • ****
  • Posts: 293
Reply #1 on: Jun 30, 2018
Answer to Question 1

The real exchange rate, EP/P, represents the relative price of domestic goods in terms of foreign goods. The nominal exchange rate, E, is the pound price of domestic currency or, equivalently, the relative price of domestic currency in terms of foreign currency.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
Reply #2 on: Jun 30, 2018
Correct answers!


javimendoza7

  • Sr. Member
  • ****
  • Posts: 293
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Effects of Differences in Solute Concentration on the Movement of Water Molecules Effects of Differences in Solute Concentration on the Movement of Water Molecules
An example of the sometimes drastic differences in placarding regulations in the United States ... An example of the sometimes drastic differences in placarding regulations in the United States ...
Saving Rate by Decile of Income per Capita Saving Rate by Decile of Income per Capita
Quartics, differences Quartics, differences
Please advise 'How To' on Real Estate Math problem (Answer Provided)? Please advise 'How To' on Real Estate Math problem (Answer Provided)?
Forces affecting capillary exchange Forces affecting capillary exchange
Video: ribosome

For a complete list of videos, visit our video library