Aggregate expenditure function shifts
Explain how the aggregate expenditure function shifts in response to changes when consumer confidence decreases and when higher taxes are imposed on business profits
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He has two choices: either invest in a US corporate bond denominated in euros or in a French corporate bond with same maturity and coupon. Are the two bonds comparable?
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Explain carefully why the futures price of gold can be calculated from the spot price and other observable variables whereas the futures price of copper cannot.
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