Free trade will affect a country's employment in different industries
Indicate whether the statement is true or false
TRUE
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The global economy enters a recession, thereby decreasing the level of U.S. exports. If the aggregate supply curve does not shift, then aggregate demand will ________, real GDP will ________, and the price level will ________
A) increase; increase; remain the same B) increase; remain the same; increase C) decrease; increase; increase D) decrease; decrease; decrease E) remain the same; increase; increase
Which of the following is true about inflation?
a. Inflation is favored by the poor because they have less money. b. Inflation is more damaging if it is anticipated. c. Inflation is more damaging to the poor because they have less money. d. Those who lend money at a rate below the rate of inflation suffer economic losses. e. If people can accurately anticipate inflation, no one gains or loses from it.