An indexed payment is one
A. whose real value changes with the rate of change in the price level.
B. whose nominal value is held constant.
C. whose dollar value changes with the rate of change in the price level.
D. whose nominal value is equal to its value.
Ans: C. whose dollar value changes with the rate of change in the price level.
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Which organization acts as a forum for countries to come to agreement on trade policies and resolve trade policy disputes?
a. the International Trade Organization b. the United Nations c. the World Trade Organization d. the United Nations Conference on Trade and Development
There is greater support for passive policymaking when
A) price flexibility is common. B) wage flexibility is common. C) pure competition is widespread. D) all of the above.