Although the GATT was supported by most of the countries of the world, yet global trade shrank during the close of the last decade. This was due to:
a. growing suspicion among the nations of the world.
b. hyperinflation in the major economies of the world.
c. the recession which began in 2007.
d. political turmoil in the Asian countries.
e. the desire among the major players to dominate the international market.
c
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Current research suggests that countries that adopt a pegged exchange rate may be more vulnerable to an exchange rate crisis
Indicate whether the statement is true or false
The job loss rate
A) equals 1 minus the job finding rate. B) remains constant over the business cycle. C) rises in recessions. D) rises in expansions.
The difference between aggregate economic activity and potential output is called ________
A) the business cycle B) the output gap C) a recession D) a trough E) a co-movement
________ is the process of putting ideas or thoughts into symbolic form
a. Sourcing b. Encoding c. Decoding d. Sending