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The economic effects of a quota are identical to those of a tariff.
Q3: Most economists reject the theory of rational
Q48: The monetary expansion of the mid-1990s was
Q51: A depreciating currency makes foreign inputs cheaper
Q86: The crowding-out effect is likely to be
Q107: A sizable appreciation of the U.S.dollar in
Q136: The main reason why the economy's aggregate
Q183: An exchange rate depreciation appears to consumers
Q195: The Federal Reserve may choose to monetize
Q202: If a country produces a commodity in
Q210: Figure 22-10 shows the effect on the