How can inflation affect the international competitiveness of a country?
a. Through an increase in nominal interest rates.
b. Through an increase in real interest rates.
c. The competitiveness is harmed by any inflation rate that is higher than in other countries, as long as it is offset by exchange rate changes.
d. The competitiveness is harmed by any inflation rate that is higher than in other countries, as long as it is not offset by exchange rate changes.
e. Inflation is a domestic issue and therefore does not affect the international competitiveness
.D
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________ emphasized that animal spirits affect GDP
A) Adam Smith B) Milton Friedman C) David Ricardo D) John Maynard Keynes
The group comprising the highest percentage of the poor is
A. the disabled. B. elderly. C. male heads of households. D. children.
Which of following is not an important category of bias in human decision making?
A. Temptation. B. Limited processing power. C. Reluctance to change. D. Single-mindedness.
Because stockholders are owners who risk their money in a corporate venture, they can be considered the corporation's
a. bondholders as well b. silent managers c. liability d. entrepreneurs e. non-paid employees