Question 22 If capital mobility is imperfect and import demand is completely insensitive to changes in the level of domestic output, which one of the following statements is correct? The BP curve is horizontal The BP curve is vertical The BP curve is downward sloping The BP curve is upward sloping if than the domestic rate of interest The BP curve is not determinable international rate of interest is greater

Question 22 If capital mobility is imperfect and import demand is completely insensitive to changes in the level of domestic output, which one of the following statements is correct? The BP curve is horizontal The BP curve is vertical The BP curve is downward sloping The BP curve is upward sloping if than the domestic rate of interest The BP curve is not determinable international rate of interest is greater

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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