Import standards on specific countries usually address issues affecting:
A. domestic consumers.
B. domestic producers.
C. foreign production practices.
D. how goods and services flow from one nation to another.
C. foreign production practices.
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Describe the trends and fluctuations in the U.S. employment-to-population ratio and labor force participation rate from 1980 to 2014
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. A rightward shift of the Phillips Curve suggests that a lower rate of unemployment is associated with each inflation rate. 2. In the context of the Phillips curve, stagflation can only be understood as a rightward shift of the curve. 3. A stable Phillips curve does not allow for the possibility of stagflation. 4. The implication of the long-run Phillips Curve is that there is no trade-off between inflation and unemployment in the long-run. 5. The long-run Phillips Curve is essentially a horizontal line at the economy's natural rate of inflation.