7. Differentiate between the following terms: a) Unemployed worker and discouraged worker. b) Currency appreciation and currency depreciation. c) Purchasing power parity and interest rate parity. d) Current account and capital account.

7. Differentiate between the following terms: a) Unemployed worker and discouraged worker. b) Currency appreciation and currency depreciation. c) Purchasing power parity and interest rate parity. d) Current account and capital account.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 9SCQ: The Central African Republic has a GDP of 1,107,689 million CFA francs and a population of 4.862...

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Question

Only part c and d

7. Differentiate between the following terms:
a) Unemployed worker and discouraged worker.
b) Currency appreciation and currency depreciation.
c) Purchasing power parity and interest rate parity.
d) Current account and capital account.

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