Answer:
they definitely do need to know
In the neoclassical model, the as curve shifts to the right over time as productivity increases and potential GDP expands.
Potential GDP is the theoretical component where labor and capital are at the highest sustainable rates (i.e. H. at rates consistent with steady growth and steady inflation.
Potential is the maximum ideal output of an economy with a high GDP and maintaining currency and product price stability. Gross Domestic Product (GDP) is the amount of output that an economy could produce given a constant rate of inflation, but the price of rising inflation causes an economy to temporarily produce above its potential level of production. maybe performed.
Learn more about potential GDP here: brainly.com/question/13824314
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Answer:
C) 1.6
Explanation:
The real exchange rate is calculated by multiplying the nominal exchange rate by the price level of the countries:
nominal exchange rate = 2 US dollars per British pound = $2/£
real exchange rate = $2/£ x (US price level / British price level) = $2/£ x 0.8 = $1.6/£
I believe the answer is: Greater
For example, let's say that there is a company that make vehicles with no pollutant for the environment.
The government in this situation might provide the company with incentives with the reason that the amount of incentive is smaller compared to the amount of expense that the government had to spend to fix the damage to the environment.
