ECN 104 Study Guide - Final Guide: Capital Outflow, Aggregate Demand, Aggregate Supply

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What is the price level in freedonia: 1, 2, 4, 8. ___: the money supply in freedonia is billion. Nominal gdp is billion, and real gdp is billion: suppose the economy is in long-run equilibrium. In a short span of time, there is a large influx of skilled immigrants, a major new discovery of oil, and a major new technological advance in electricity production. It shifts the aggregate demand right by more than billion: it shifts the aggregate demand right by less than billion. ___: suppose that the exchange rate is 10 moroccan dirhams per canadian dollar. Also suppose that you can buy a crate of oranges for 300 dirhams in the moroccan capital of rabat and can buy a similar crate of oranges in. Morocco and selling them in the united states: suppose the economy is in long-run equilibrium.

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