What is NAFTA?
What will be an ideal response?
NAFTA, or the North Atlantic Free Trade Agreement is an agreement signed by the United States, Mexico, and Canada in which the three countries agreed to establish all North America as a free-trade zone.
You might also like to view...
The Fed's objectives present it with a true dilemma when
a. there are demand shocks caused by shifts in money demand b. there are demand shocks caused by changes in spending c. there are negative supply shocks d. cyclical unemployment exists e. there is member bank opposition
Inflation inertia is the result of the behavior of ________ and the existence of ________.
A. real and nominal interest rates; an output gap B. inflation expectations; long-term wage and price contracts C. autonomous aggregate demand; the Fed's policy reaction function D. the central bank; automatic stabilizers