The purchasing power parity theory predicts better in the __________ run, and when there __________ in inflation rates across countries
A) long; is little difference
B) short; are large differences
C) long; are large differences
D) short; is little difference
C
Economics
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Today's Federal Reserve bank notes promise to pay the bearer
A) nothing. B) a fixed quantity of gold. C) a variable quantity of gold. D) a specific interest rate. E) a variable interest rate.
Economics
A period when overall inflation rates are positive but falling is called:
A. disinflation. B. deflation. C. zero price level. D. inflation.
Economics