Because money growth is a major component determining the inflation rate, in order to forecast inflation we should forecast actions by the
A) Congress.
B) President.
C) Fed.
D) Office of the Treasury.
E) U.S. Mint.
C
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The evidence available suggests that the effects of devaluation appear to differ across countries and time so that no strong generalizations regarding the effects of devaluation on the balance of trade and/or balance of payments are possible
Indicate whether the statement is true or false
A country possesses a comparative advantage in the production of a product if
A) the opportunity cost, in terms of the amount of other products that it gives up to produce this product, is lower than it is for its trading partners. B) it possesses an absolute advantage in the production of this good compared to its trading partners. C) it is able to produce less of this good per worker than its trading partners. D) it can produce more of this good per hour than its trading partners.