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Which of the following inferences can be made from the macroeconomic principles? a) A country that decides to allow trade with other countries will see a major decline in its population s productivity
Which of the following inferences can be made from the macroeconomic principles?
a) A country that decides to allow trade with other countries will see a major decline in its population s productivity.
b) The government cannot improve upon the results of the market economy.
c) In the short run, a country s unemployment and inflation will both fall at the same time and rise at the same time.
d) A country that prints a lot of money will tend to see very low inflation.
e) None of the above.
Expert Solution
The correct option is c. In the short run, a country s unemployment and inflation will both fall at the same time and rise at the same time.
Explanation: In the study of macroeconomics, it should focus on the changes in pricing strategies across all markets. The key principles consist of inflation, economic output, national income, and international trade. It also investigates the growth of the economy, stable employment, and monetary stability.
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