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Author Question: A real depreciation will initially cause a reduction in output when which of the following holds? ... (Read 17 times)

cabate

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on: Jun 30, 2018
A real depreciation will initially cause a reduction in output when which of the following holds?
 
  A) the Marshall-Lerner condition
  B) the J-Curve effect
  C) net exports are initially zero
  D) net exports are initially negative
  E) net exports are initially positive

Question 2

The wage setting relation is
 
  A) downward sloping.
  B) upward sloping.
  C) vertical.
  D) horizontal.


cam1229

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

B

Answer to Question 2

A


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