This topic contains a solution. Click here to go to the answer

Author Question: Philosophical foundations of the European model were provided by: a. Adam Smith b. David Ricardo ... (Read 136 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
Philosophical foundations of the European model were provided by:
 a. Adam Smith
  b. David Ricardo
  c. The theory of social market economy
  d. Mercantilism
  e. Both c and d

Question 2

Assume the central bank lowers the discount rate. What is the net effect on the unemployment rate (assume fixed exchange rates)? Answer assuming all the adjustments have worked their way through the macroeconomic system, and it is in equilibrium.
 a. The unemployment rate rises.
  b. The unemployment rate falls.
  c. The unemployment is not affected.
  d. The change in the unemployment rate depends on the degree of international capital mobility.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macagn

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

E

Answer to Question 2

.C




clippers!

  • Member
  • Posts: 828
Reply 2 on: Jun 30, 2018
Wow, this really help


cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

For a complete list of videos, visit our video library