If workers expect inflation, and negotiate wage increases that exactly match price increases, the result is a
A. horizontal aggregate supply curve at the level of potential GDP.
B. vertical aggregate supply curve at the level of potential GDP.
C. horizontal aggregate demand curve at the level of potential GDP.
D. vertical aggregate demand curve at the level of potential GDP.
Answer: B
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A) the relative price at which trade occurs. B) what goods are imported. C) what goods are exported. D) the volume of trade. E) the tariffs applied to trade.
Property rights are relatively secure and free from the threat of nationalization in the HPAE
Indicate whether the statement is true or false
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