Answer:
a. money demand falls, so the interest rate rises.
Explanation:
As Real GDP declines means decline in overall demand that will lead to lower money demand , so as demand is lower for money the interest rate should decline. This is the expected behaviour of the economy.
Absolute Advantage is the ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group.
Comparative Advantage is the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.
The producer that requires a smaller quantity inputs to produce a good is said to have an absolute advantage in producing that good. Comparative advantage refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another
Answer:
umm I don't really understand the question
Explanation:
a
