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a devaluation of currency under fixed exchange rate regime is likely to have no effect on the balance of trade if
a) home and foreign offer curves are elastic
b) '' '' inelastic
c)home and foreign elasticity of offer curves sum to unity
d) all of the above
Q2)
IN FLEXIBLE VERSION OF QUANTITY Theory of money
a)changes in velocity of money are closely assosciated with changes in money supply
b)changes in price level are closely assosciated with changes in mon ey supply
c)changs in nominal gdp are proportional to changes in velocity
d)changes in nominal gdp are closely assosciated with changes in money supply
Q3)
IN AN open economy IS curve has a slope that is
a)steeper than in closed economy
b)flatter than in closed eco
c)same in both
d)depends on level of net exports if they are positive or negative
pls if anyone could confirm me the answers
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