Specialization increases total world output.
Answer the following statement true (T) or false (F)
True
Increased total world output occurs since trade allows each country to produce at a lower opportunity cost, boosting overall production and incomes.
Economics
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In which model does there exist a tradeoff between higher inflation and lower unemployment?
a. monetarist b. real business cycle. c. new classical d. a and b. e. a tradeoff exists in all of the above.
Economics
If you as a lender want an increase in purchasing power of 4 percent from making a loan and you set the nominal interest rate at 9 percent, then your
a. real rate of interest is 13 percent. b. expected rate of inflation is 5 percent. c. expected rate of inflation is 13 percent. d. real rate of interest is 36 percent.
Economics