Question: 1 0 . Why do we consider a business - cycle expansion different from long - run economic growth? Why do we care about the
Why do we consider a businesscycle expansion different from longrun economic growth? Why do we care about the size of the longrun growth rate of real GDP relative to the size of the growth rate of the population?
a Where was it cheapest to buy a Big Mac in US dollars in
b Where was it cheapest to buy a Big Mac in US dollars in
c Using the increase in the local currency price of the Big Mac in each country to measure the percent change in the overall price level from to which nation experienced the most inflation? Did any of the nations experience deflation?
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