Answered: 1. Deflation is considered to be…

1. Deflation is considered to be a.Beneficial for company profit b.Beneficial for consumers c.Beneficial for the economy of a country d. Detrimental to a country’s GDP growth

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Open-economy Macroeconomics: Basic Concepts

Section: Chapter Questions

Problem 5PA

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Question

1. Deflation is considered to be

a.Beneficial for company profit

b.Beneficial for consumers

c.Beneficial for the economy of a country

d. Detrimental to a country’s GDP growth

2.Currency Exchange rates for a country’s currency depend on

	a.	Strength of the country’s economy
	b.	Demand for the country’s exports
	c.	Strength of the country’s financial industry
	d.	All of the above

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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