Some countries intentionally aim for a low standard of living, high rates of unemployment and inflation, or an unsustainable trade imbalance within their economies.
Select whether the statement is true or false.
A. True
B. False
B. False
This statement is false. No country intentionally aims for a low standard of living, high rates of unemployment and inflation, or an unsustainable trade imbalance within their economies.
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If potential GDP is equal to $600 billion, what does the long-run aggregate supply curve look like?
A) It is a vertical line at a level of GDP above $600 billion. B) It is a vertical line at $600 billion of GDP. C) It is a horizontal line at $600 billion of GDP. D) It is a vertical line at a level of GDP below $600 billion.
An adjustment of central parities in the EMS is called a
A) realignment. B) nominal appreciation or nominal depreciation. C) real appreciation or real depreciation. D) re-coupling. E) re-paritization.