An increase in a country's rate of inflation is apt to
A) reduce its imports and improve its trade balance.
B) lower its nominal rate of interest and encourage an inflow of capital.
C) worsen its balance of trade and balance of payments.
D) decrease demand for the country's currency.
C
Economics
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Indicate whether the statement is true or false
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“Cream skimming” usually results in
A. cross-subsidization of markets. B. subsidies to rural consumers of the service. C. regulations to provide universal service. D. monopoly.
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