The monetary policy strategy that directly ties down the price of internationally traded goods is

Explain using price elasticity of demand why air conditioning manufacturers would actually have sales in the middle of the summer when customers have the most acute need? Explain this apparent paradox

What will be an ideal response?

An analysis of countries experiencing rapid inflation indicates that inflation is generally

a. caused by strong labor unions. b. the result of restrictive macroeconomic policy, which pushes up interest rates. c. caused by the impulse buying of consumers, who continue to buy the same goods even when prices rise. d. the result of rapid growth in the money supply.