________: a sustained rise in the general price level
Fill in the blank(s) with correct word
Inflation
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When NAFTA was approved, Congress attempted to soften the losses suffered by some industries by
A) creating new jobs to hire workers who lost their jobs because of NAFTA. B) setting aside funds to support and retrain workers who lost their jobs because of NAFTA. C) reducing tariffs. D) imposing quotas.
The ________ states that exchange rates between any two currencies will adjust to reflect changes in the price levels of the two countries
A) theory of purchasing power parity B) law of one price C) theory of money neutrality D) quantity theory of money
Discretionary economic policy is not beneficial in the ________
A) traditional Keynesian theory B) new Keynesian theory C) Luka Brazzi model D) real business cycle theory
A firm's labor demand curve is derived from the supply of the goods and services it produces
a. True b. False