Under the side agreements to the NAFTA,
A) low environmental standards should not be used to attract trade or investment.
B) the U.S. sets environmental standards.
C) the U.S. enforces environmental standards in the rest of the free trade area.
D) environmental standards are not specifically discussed.
A
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Assume that the central bank lowers the discount to increase the nation's monetary base. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the quantity of real loanable funds per time period and real GDP in the context of the Three-Sector-Model? State your answer after the macroeconomic system returns to complete equilibrium
a. The quantity of real loanable funds per time period falls and real GDP falls. b. The quantity of real loanable funds per time period rises and real GDP rises. c. The quantity of real loanable funds per time period rises and real GDP remains the same. d. The quantity of real loanable funds per time period and real GDP remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
Which of the following statements is correct?
a. In the short run, unemployment and inflation are positively related. In the long run they are largely unrelated problems. b. Inflation and unemployment are positively related in the short run and in the long run. c. In the short run, unemployment and inflation are negatively related. In the long run they are largely unrelated problems. d. Inflation and unemployment are negatively related in the short run and in the long run.