« previous next »

Author Question: What are the differences between the real exchange rate and nominal exchange rate? Explain. What ... (Read 40 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: Jun 30, 2018
What are the differences between the real exchange rate and nominal exchange rate? Explain.
 
  What will be an ideal response?

Question 2

Which of the following individuals first discovered the relationship between unemployment and inflation for the United States?
 
  A) Solow and Friedman
  B) Samuelson and Solow
  C) Friedman and Phillips
  D) Friedman and Phelps


javimendoza7

  • Sr. Member
  • ****
  • Posts: 293
Reply #1 on: Jun 30, 2018
Answer to Question 1

The real exchange rate, EP/P, represents the relative price of domestic goods in terms of foreign goods. The nominal exchange rate, E, is the pound price of domestic currency or, equivalently, the relative price of domestic currency in terms of foreign currency.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
Reply #2 on: Jun 30, 2018
Correct answers!


javimendoza7

  • Sr. Member
  • ****
  • Posts: 293
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Bacteria exchange DNA by several processes Bacteria exchange DNA by several processes
Age Differences in Attention to a Puppet Show Video Age Differences in Attention to a Puppet Show Video
Conduction and gas exchange structures and functions. Conduction and gas exchange structures and functions.
How to find the first and second differences for any table of values How to find the first and second differences for any table of values
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Video: Neural regulation of mechanical digestion- CNS voluntary, ANS & ENS controlled involuntary movements

For a complete list of videos, visit our video library