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Author Question: Based on the table above, equilibrium real GDP is A) 6 trillion. B) 7 trillion. C) 9 trillion. D) ... (Read 134 times)

mspears3

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on: Jun 29, 2018
Based on the table above, equilibrium real GDP is
 
  A) 6 trillion. B) 7 trillion. C) 9 trillion. D) 8 trillion. E) 10 trillion.

Question 2

When the exchange rate between the U.S. dollar and the euro changes from 1.30 euros per dollar to 1.00 euro per dollar the dollar has ________ and European goods have become ________ to people in the United States so that quantity of U.S.
 
  dollars supplied ________.
  A) appreciated; more expensive; decreases
  B) depreciated; cheaper; increases
  C) depreciated; more expensive; decreases
  D) depreciated; cheaper; decreases
  E) appreciated; cheaper; increases


nital

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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