In the long run, there appears to be:
a. A clear and unequivocal tradeoff between inflation and unemployment.
b. No clear and unequivocal tradeoff between inflation and changes in a nation's nominal exchange rate.
c. A clear and unequivocal tradeoff between inflation and employment.
d. No clear and unequivocal tradeoff between inflation and changes in a nation's unemployment.
e. None of the above.
.D
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List and explain the factors that can increase labor productivity
What will be an ideal response?
Other things the same, which of the following could be a consequence of an appreciation of the U.S. real exchange rate?
a. John, a French citizen, decides that Iowa pork is now relatively less expensive and orders more for his restaurant. b. Nick, a U.S. citizen, decides that the trip to Nepal he's been thinking about is now affordable. c. Roberta, a U.S. citizen, decides to import fewer windshield wipers for her auto parts company. d. All of the above are correct.