Homework answers / question archive / 1  Compare and contrast the implications of rational and adaptive expectations for the economy's behaviour

1  Compare and contrast the implications of rational and adaptive expectations for the economy's behaviour

Economics

Share With

1 

Compare and contrast the implications of rational and adaptive expectations for the economy's behaviour.

2 

'A good monetary policy requires an independent central bank'. Discuss.

3 Entrepreneurial traits/characteristics of Phillip Mills
? Discuss the characteristics/traits of the entrepreneur (with reflection on/application of the relevant entrepreneurship theories).

4 

Question 2:  (6 marks)

Between July 2007 and august 2012, the U.S. dollar depreciated against the Yen. It fell from 120 yen to 77 yen per U.S. dollar.

Between January 2012 and July 2015, the U.S.  dollar appreciated against the Yen. It rose from 77 yen to 121 yen per U.S. dollar.

1. What is the difference between currency appreciation and currency depreciation. (2 marks)

2. Calculate each one based on the information given above. (4 marks)