Author Question: When E decreases by 3, we know that A) a real appreciation will occur if P also falls by 3. B) a ... (Read 11 times)

james · **on:** Jun 30, 2018

When E decreases by 3, we know that

A) a real appreciation will occur if P also falls by 3.
B) a real depreciation will occur if P increases by 3.
C) nominal appreciation.
D) nominal depreciation.

Question 2

Suppose the actual unemployment rate increases. This will cause

A) an upward shift in the WS curve.
B) a downward shift in the WS curve.
C) an upward shift in the PS curve.
D) a movement along the WS and the PS curves.
E) none of the above