1. What is the difference between economic growth and economic development? 2. What is unemployment, and what are the labor market indicators? 3. What is the difference between inflation and deflation? 4. Whatisaggregatedemandandaggregatesupply? 5. Whatiscurrencyappreciationandcurrencydepreciation? 6. What is the flexible exchange rate and fixed exchange rate? 7. What is balance of trade and balance of payment? 8. What is trade surplus, trade deficit, and balanced trade? 9. What is fiscal policy and what is monetary policy? Question 2-In 5 to 10 lines, write about the great depression of the 1930's. Question 2 You just need to carry out research on your own.

1. What is the difference between economic growth and economic development? 2. What is unemployment, and what are the labor market indicators? 3. What is the difference between inflation and deflation? 4. Whatisaggregatedemandandaggregatesupply? 5. Whatiscurrencyappreciationandcurrencydepreciation? 6. What is the flexible exchange rate and fixed exchange rate? 7. What is balance of trade and balance of payment? 8. What is trade surplus, trade deficit, and balanced trade? 9. What is fiscal policy and what is monetary policy? Question 2-In 5 to 10 lines, write about the great depression of the 1930's. Question 2 You just need to carry out research on your own.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 46P: Imagine that the economy of Germany finds itself in the following situation: the government budget...

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