For a number of years country A had inflation of 3% but for the last five years has had inflation of 6%. Country B had inflation of 4% for many years, but very recently inflation unexpectedly rose to 9%. Other things the same, in which of the countries would the higher inflation rate be more likely to reduce unemployment?
a. both country A and country B
b. neither country A nor country B
c. country A but not country B
d. country B but not country A
d
Economics
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Why does the Federal Reserve Bank of New York play a special role within the Federal Reserve System?
What will be an ideal response?
Economics
An increase in the price level, other things remaining the same, may be expected to result in ____ the consumption function
a. a downward shift of b. a movement along c. an upward shift in d. no effect on
Economics