Author Question: Which of the following expressions represents the real exchange rate ()? A) E/P. B) EP/P. C) ... (Read 49 times)

hubes95 · **on:** Jun 30, 2018

Which of the following expressions represents the real exchange rate ()?

A) E/P.
B) EP/P.
C) EP.
D) EP/P.
E) none of the above

Question 2

Based on price setting behavior, we know that a reduction in the unemployment rate will cause

A) no change in the real wage.
B) a reduction in the real wage.
C) an increase in the real wage.
D) an upward shift of the PS curve.