At times, converging economies must live with a degree of uncertainty over inflation that would be politically unacceptable in the high-income economies.
Select whether the statement is true or false.
A. True
B. False
A. True
This statement is true. At times, converging economies must live with a degree of uncertainty over inflation that would be politically unacceptable in the high-income economies.
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Suppose the United States eliminates its tariff on ball bearings used in producing exports. Ball bearing prices in the United States would be expected to
A) increase, and the foreign demand for U.S. exports would increase. B) decrease, and the foreign demand for U.S. exports would increase. C) increase, and the foreign demand for U.S. exports would decrease. D) decrease, and the foreign demand for U.S. exports would decrease. E) decrease, and the foreign demand would be unchanged.
If the U.S. trade deficit was reduced in a rush, what would be a possible result?
a. decreasing inflation and increasing unemployment b. increasing inflation and decreasing unemployment c. increasing inflation and increasing unemployment d. decreasing inflation and decreasing unemployment