Suppose That U

question 101

Multiple Choice

Suppose that U.S.and British inflation rates are equal,and $2 exchanges for 1 British pound.Then if U.S.inflation slows down relative to British inflation,the PPP theory predicts ________ of the dollar,so that the pound will cost ________ than $2.

• A)an appreciation,more
• B)an appreciation,less
• C)a depreciation,more
• D)a depreciation,less

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Definitions:

Human Relations Movement

A management approach emphasizing the importance of understanding human behavior, interpersonal relationships, and employee needs in the workplace.

Hawthorne Studies

Research conducted in the 1920s and 1930s at the Hawthorne plant of Western Electric, near Chicago, that illustrated how psychological and social processes affect productivity and work adjustment.

Hawthorne Studies

A series of experiments on worker productivity conducted at the Hawthorne Works plant in the 1920s and 1930s, which found that employees' performance could be influenced by attention and social factors.

Productivity

The efficiency of production of goods or services expressed by some measure, commonly the ratio of output to input.