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Author Question: The European Monetary System represented a A) exchange rate regime with 'bands.' B) crawling ... (Read 83 times)

panfilo

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on: Jun 30, 2018
The European Monetary System represented a
 
  A) exchange rate regime with 'bands.'
  B) crawling peg.
  C) a flexible exchange rate regime.
  D) none of the above

Question 2

Graphically show and explain the effects of an improvement in the state of technology.
 
  What will be an ideal response?


srodz

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

An improvement in technology shifts the production function up, leading to an increase in output per worker for a given level of capital per worker.


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