Multiple Choice
Globalization and trade:
A) reduce inflation in the short run but not in the long run.
B) reduce inflation in the short run and in the long run.
C) increase inflation in the short run but not in the long run.
D) reduce inflation in the short run but increase inflation in the long run.
Correct Answer:

Verified
Correct Answer:
Verified
Q70: In 2001 a combination of tax cuts
Q71: Permanent declines in inflation such as those
Q72: Explain why real business cycle theory renders
Q73: Which of the following would shift the
Q74: A "shock" is something that creates a
Q76: When faced with negative supply shocks, policymakers:<br>A)
Q77: Does an increase in the rate of
Q78: In an economy like the United States,
Q79: The dynamic aggregate demand curve shifts as
Q80: Increases in potential output shift:<br>A) the long-run