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Author Question: The U.S. and other industrializing nations depended heavily on international trade. Indicate ... (Read 44 times)

nelaaney

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on: Jun 30, 2018
The U.S. and other industrializing nations depended heavily on international trade.
 
  Indicate whether the statement is true or false

Question 2

During the recession of 2008, the U.S.experienced lower real interest rates at the same time investment and GDP were falling.
 
  How would a Classical economist explain this recession? Provide a graph of the Classical capital market to illustrate your arguments.


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SamMuagrove

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

False (Unlike other nations, the U.S. did not.)

Answer to Question 2

This must have been caused by a fall in investment which reduced the capital stock and aggregate supply.


nelaaney

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

jackie

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Reply 3 on: Yesterday
:D TYSM

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