Nations which experience relatively high rates of inflation
A. cause inflation in other nations when they export their relatively high priced goods to these nations.
B. will experience a reduction in the value of their currencies in the foreign exchange markets.
C. will not be able to export products if their currencies depreciate in value.
D. will not be able to import products unless their currencies depreciate in value.
B. will experience a reduction in the value of their currencies in the foreign exchange markets.
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Suppose the government cracks down on illegal immigration. How will this affect the demand and supply of labor
What will be an ideal response?
Appreciation of the U.S. dollar will ________ exports and ________ imports, other things equal
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
According to real business cycle theorists, changes in Real GDP are the result of initial changes in
A) aggregate demand. B) the money supply. C) the expected inflation rate. D) prices. E) none of the above
________: the variable costs incurred by the business in the current period per unit of output
Fill in the blank(s) with correct word