Author Question: The ________ is defined as the ratio of the dollar price of a basket of goods and services in the ... (Read 108 times)

LaDunn · **on:** Jun 30, 2018

The ________ is defined as the ratio of the dollar price of a basket of goods and services in the U.S., divided by the dollar price of the same basket of goods and services in a foreign county.

A) real exchange rate B) ordinal exchange rate
C) nominal exchange rate D) expected exchange rate

Question 2

All growth theory today is new growth theory because it considers a broad framework that includes technological progress.

Indicate whether the statement is true or false