Can an economy maintain high output growth, low unemployment, and low inflation at the the same time? Explain
What will be an ideal response?
It would be very hard to achieve the three objectives at the same time. High output growth leads to low unemployment, which is likely to put pressure on inflation.
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Aggregate supply is upward sloping in the
a. new classical model. b. classical model. c. monetarist model. d. real business cycle models. e. both a and c.
Explain how productivity growth has led to labor market realignment in the United States.
What will be an ideal response?
Which of the following statements is true?
A. The WTO allows countries to pursue environmental protection using policies that limit international trade and hence is unable to address the problem of disguised protectionism. B. The WTO allows a country to impose an import restriction on a good for health reasons as long as the country also restricts the domestic production or consumption of the good. C. The WTO is the final arbiter of whether goods pose a health or safety risk. D. The World Trade Organization (WTO) allows a country to impose a trade restriction on imports of a good because it was produced using methods that violate the importing country's environmental standards.
Protection of intellectual property rights is more common in developing countries than in developed countries.
Answer the following statement true (T) or false (F)