In the new classical model, workers and firms try to keep their real wages and relative prices from falling when ________
A) income falls
B) they expect inflation to rise
C) they expect inflation to fall
D) they expect aggregate demand to fall
B
Economics
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Zoran, a Croatian citizen, only works in the United States. The value added to production from his employment is:
A) included in Croatian GDP. B) included only in U.S. GDP. C) included only in U.S. GNP. D) not included in either U.S. GDP or U.S. GNP.
Economics
Describe several components of the institutional environment in the high-growth Asian economies that are critical to their success
What will be an ideal response?
Economics