![](https://lstatic.shangxueba.com/jiandati/h5/images/m_q_title.png)
简述自由贸易区与关税同盟的异同?
Our model takes the price level P as given in the short run,but in reality the currency appreciation caused by a permanent fiscal expansion might cause P to fall a bit by lowering some import prices.If P can fall slightly as a result of a permanent fiscal expansion,is it still true that there are no output effects? (As above,assume an initial long-run equilibrium.)
In the short run of a model with sticky prices,a reduction in the money supply raises the nominal interest rate and appreciates the currency.What happens to the expected real interest rate? Explain why the subsequent path of the real exchange rate satisfies the real interest parity condition.
How would you expect a fall in a country's population to alter its aggregate money demand function? Would it matter if the fall in population were due to a fall in the number of households or to a fall in the average size of a household?
What would be the real rates of return on the assets in the preceding question if the price changes described were accompanied by a simultaneous 10 percent increase in all dollar prices?
In Munich a bratwurst costs 2 euros:a hot dog costs $1 at Boston's Fenway Park.At an exchange rate of $1.50/per euro.what is the price of a bratwurst in terms of hot dogs? All else equal.how does this relative price change if the dollar appreciates to $1.25 per euro? Compared with the initial situation,has a hot dog become more or less expensive relative to a bratwurst?
为了保护您的账号安全,请在“简答题”公众号进行验证,点击“官网服务”-“账号验证”后输入验证码“”完成验证,验证成功后方可继续查看答案!