Author Question: Examples of Mises' Planned Chaos a. 1970s oil price & allocation regulation b. the planned ... (Read 49 times)

evelyn o bentley · **on:** Jun 30, 2018

Examples of Mises' Planned Chaos
a. 1970s oil price & allocation regulation
b. the planned Soviet economy
c. the financial crisis of 2006
d. both a and b
e. all of the above

Question 2

Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the GDP Price Index and current international transactionsin the context of the Three-Sector-Model?
a. The GDP Price Index rises, and current international transactionsbecomes more negative (or less positive).
b. The GDP Price Index and current international transactionsremain the same.
c. The GDP Price Index falls, and current international transactionsremains the same.
d. The GDP Price Index falls, and current international transactionsrises.
e. There is not enough information to determine what happens to these two macroeconomic variables.