Other Things the Same,if Workers and Firms Expected Inflation to Be

question 4

Multiple Choice

Other things the same,if workers and firms expected inflation to be 2%,but it is only 1% then

• A)employment and production rise.
• B)employment rises and production falls.
• C)employment falls and production rises.
• D)employment and production fall.

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Definitions:

Depreciation Of The Dollar

A decrease in the value of the U.S. dollar relative to other currencies in the global market.

American Imports

American Imports are goods and services bought by residents of the United States from other countries.

Exchange Rate

The value of one currency for the purpose of conversion to another, which determines how much of one currency can be exchanged for another currency.

Swiss Army Knife

A versatile multi-tool pocketknife originally produced in Switzerland, known for its multiple functions beyond just a knife.