real vs. nominal
Not what you're looking for?
TWO QUESTIONS:
1. under a fixed exchange rate system, expansionary monetary policy depletes foreign reserves central bank. IS-LM diagram
2. ASSUME LAST YEAR'S REAL GDP WAS 7,000, THIS YEAR NOMINAL GDP IS 8,820, AND THE GDP DEFLATOR FOR THIS YEAR IS 120. WHAT WAS THE GROWTH RATE OF REAL GDP?
Purchase this Solution
Solution Summary
GDP Growth Rate is determined.
Solution Preview
1. When the central bank follows an expansionary monetary policy it shifts the LM curve to the right pushing down interest rates. Lower interest rates imply that the currency is ...
Purchase this Solution
Free BrainMass Quizzes
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.