Economists use general equilibrium models of an economy to ...

[nummyann]

Economists use general equilibrium models of an economy to explain
 
  A) consumption levels.
  B) production levels.
  C) relative prices.
  D) All of the above.

Question 2

If a currency rapidly depreciates, what are the possible negative results to the economy of using contractionary monetary policy to address the depreciation?
 
  What will be an ideal response?

[Expo]

Answer to Question 1

D

Answer to Question 2

National income falls and perhaps the economy goes into a recession.