Econ 327 - Study guides, Class notes & Summaries
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ECON 327 TOPHAT+EXAM Questions with 100% Correct Verified Answers
- Exam (elaborations) • 21 pages • 2024
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If output decreases, then the interest rate ---- and the exchange rate ----. - Answer falls, 
depreciates 
In the short run, a temporary decrease in government spending would shift the ---- curve to the 
----. In addition, the current account balance would ----. - Answer DD; left; rise 
In the short run, if the government engages in contractionary monetary policy, - Answer GDP 
falls, the interest rate rises, and the exchange rate appreciates.
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ECON 327 TOPHAT+EXAM QUESTIONS with 100% Correct Solutions
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In the U.S labor can produce 5 bottles of wine per hour or 20 years of cloth per hour. In the U.K, 
labor can produce 10 bottles of wine per hour or 30 yards of cloth per hour. For wine, the --- 
has the absolute advantage and the --- has the comparative advantage - Answer U.K; U.K 
Suppose a country has two industries, agriculture and manufacturing. When the country opens 
to trade, the relative price of the agricultural good falls. Who is definitely hurt by trade? - 
Answer Factors specific to...
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Summary ECON 211 Principles of Microeconomics Test Item File 1 econ 211 Test Banks 2021
- Summary • 654 pages • 2021
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Summary ECON 211 Principles of Microeconomics Test Item File 1 econ 211 Test Banks 2021 
 Test Item File to Accompany Principles of Microeconomics Test Item File 1 Ninth Edition by Case/Fair/Oster Prentice Hall c.2009 10/30/08 Contents Chapter 1 The Scope and Method of Economics 1 Chapter 2 The Economic Problem: Scarcity and Choice 28 Chapter 3 Demand, Supply, and Market Equilibrium 55 Chapter 4 Demand and Supply Applications 95 Chapter 5 Elasticity 116 Chapter 6 Household Behavior and Consum...
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