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Author Question: Real and Nominal Exchange RatesIf the nominal exchange rate between the U.S. dollar and the Mexican ... (Read 121 times)

unreallynx

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Question 1

The Income-Expenditure Model

If an economy's MPC is 0.6 and the MPM is 0.25, then an increase in government spending of $2000 billion will increase income by ________ billion. (Round to the nearest integer.)
◦ $2667
◦ $3077
◦ $5714
◦ $5000

Question 2

Real and Nominal Exchange Rates

If the nominal exchange rate between the U.S. dollar and the Mexican peso is 21.4 pesos per dollar, how many dollars are required to buy a product that costs 62 pesos? (Round to the nearest hundredth.)
◦ $2.90
◦ $0.56
◦ $40.60
◦ $0.35


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Marked as best answer by unreallynx on Nov 23, 2022

GoldenBrown

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unreallynx

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Reply 2 on: Nov 23, 2022
Gracias!


sarah_brady415

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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