At the end of an expansion, wages of workers are usually rising faster than prices
Indicate whether the statement is true or false
TRUE
Economics
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"Effective demand" represents which of the following?
A) money demand B) demand for exports C) domestic demand D) the demand for labor E) aggregate demand
Economics
Explain how exchange rates affect the level of aggregate economic activity and the price level. Use appropriate AS/AD diagrams to illustrate your answer
Economics