Wholesale price index and industrial production, International Economics

Assignment Help:

Q. The following table introduces the relationship between wholesale price index and industrial production changes between the years 1929 - 1935. What is the purpose of the given figure? Please note that the numbers could be starting from the origin with 50 and 50 and increase by ten units, each time. The numbers 10, 11, 12 etc. could read 100, 110, 120 etc. The numbers on the Y-axis best be ignored and just note that every dash shows a ten beginning from 50.

Answer: The reason is to illustrate those countries that left the gold standard early and adopted counter-deflationary monetary policies such as Australia and the United Kingdom experienced milder declines in output during the Great Depression. Countries such like France and Switzerland that stuck to the gold standard longer had greater decline in price level and output.

278_Wholesale price index and industrial production.png


Related Discussions:- Wholesale price index and industrial production

Why the production distortion is indeed a loss to society, Q. The two dead...

Q. The two deadweight triangles are the Production distortion and Consumption distortion losses. It is simple to understand why the Consumption distortion constitutes a loss for

Define countertrade and different forms of countertrade, Q. Define countert...

Q. Define countertrade. Discuss the different forms of countertrade? Counter trade means all types of foreign trade in which the sale of goods to another country is associated

Who are major participants in the foreign exchange market, Q. Who are the ...

Q. Who are the major participants in the foreign exchange market? Answer: 1. Commercial banks 2. Corporations 3. Nonblank financial institutions 4. Central banks

International trade, What does the factor proportions theory posits

What does the factor proportions theory posits

Effect of libya subsidizing the pakistani nuclear programs, Q. Usin...

Q. Using the GG - LL framework, analyze the effect of Libya subsidizing the Pakistani Nuclear programs. Answer: This will move the GG curve upward and to the left causi

Economic effect of nationalization, Research about the effects of the Natio...

Research about the effects of the Nationalization in terms of: Economic effect of nationalization -International -What is happening to FDI? How it has affected other inter

Explain critical appraisal of chamberlins theory, Q. Explain Critical Appra...

Q. Explain Critical Appraisal of Chamberlins theory? a. Chamberlin assumed that monopolist competitors act independently and their price manicuring goes unnoticed by the rival

Initial public offerings ipo, THE SETTING Country X is blessed with large r...

THE SETTING Country X is blessed with large reserves of natural resources, spectacular physical landscape and a moderate climate. It is inhabited by a well educated and industrious

Alternative theories of trade, How can I present the theories step by step ...

How can I present the theories step by step in an assignment?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd