8) By "absorption" economists mean
Answer is:
total domestic spending by households, firms and governments on goods and services, both domestic and foreign.
Related Macro Economics MCQ (GK Set-1) with Answers
Answer is:
a decrease of real GDP by 4% and an increase of prices by 10%
Answer is:
either the country’s exchange rate will depreciate or its monetary authorities will sell some of its foreign exchange reserves.
Answer is: