« previous next »

Author Question: If the rate of inflation in the United States exceeds the rate of inflation in Great Britain we ... (Read 188 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
If the rate of inflation in the United States exceeds the rate of inflation in Great Britain we would expect the U.S. dollar to depreciate in value against the British pound.
 
  Indicate whether the statement is true or false

Question 2

Think of examples of goods whose relative price has risen or fallen by a large amount.
 
  What will be an ideal response?


EAN94

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

Some examples of items where both the money price and the relative price have risen over time are gasoline, college tuition, and food. Some examples of items where both the money price and the relative price have fallen over time are personal computers, HD televisions, and calculators.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
The United States in the Caribbean and Central America The United States in the Caribbean and Central America
Factors That Affect Your Basal Metabolic Rate Factors That Affect Your Basal Metabolic Rate
Food Assistance Programs in the United States Food Assistance Programs in the United States
A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs
Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ... Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ...
Video: Gas exchange - driving force

For a complete list of videos, visit our video library