« previous next »

Author Question: PPP holds better for low-inflation countries. Indicate whether the statement is true or ... (Read 46 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
PPP holds better for low-inflation countries.
 
  Indicate whether the statement is true or false

Question 2

Which of the following countries became the newest members of the European Union in 2007?
 
  A) Bulgaria and Romania
  B) Greece and Sweden
  C) Albania and Cyprus
  D) None of the above


smrerig

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

FALSE
Explanation: Opposite, in high-inflation countries changes in exchange rates are highly correlated with inflation differentials because the sheer magnitude of inflation overwhelms the relative price effects.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

The declining age of menarche over the past 150 years has been measured in many European countries, The declining age of menarche over the past 150 years has been measured in many European countries,
Divorce Rates, Selected Countries In many countries divorce rates have risen in recent decades. Divorce Rates, Selected Countries In many countries divorce rates have risen in recent decades.
International Television Viewing Rates in Childhood In most developed countries, children watch TV International Television Viewing Rates in Childhood In most developed countries, children watch TV
In this 1900 cartoon, oil baron John D. Rockefeller holds the White House in the palm of his hand wh In this 1900 cartoon, oil baron John D. Rockefeller holds the White House in the palm of his hand wh
A typical bank statement. A typical bank statement.
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Video: Muscular Dystrophy

For a complete list of videos, visit our video library