In the long run, a country with a relatively high inflation rate tends to have a depreciating currency.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Personal income taxes rise and fall ______ income itself.
a. in exact proportion to b. by greater percentages than c. by smaller percentages than d. in direct opposition to
The output of Mexican citizens who work in Texas would be included in the
A) net national product of the United States. B) gross national product of the United States. C) gross national product of Mexico. D) gross domestic product of Mexico.
Which type of stock should result in the best return according to the Efficient Markets Hypothesis?
A) a firm that is expected to be highly profitable in the future B) a firm that is considered to be undervalued C) a firm expected to earn little profit in the future D) none of the above
The long-run Phillips curve:
A. is downward sloping. B. is upward sloping. C. shows there is no tradeoff between unemployment and inflation. D. is horizontal at the natural rate of inflation.