This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the key message of the Impossible Trinity? a. The Impossible Trinity claims that there is a ... (Read 146 times)

tichca

  • Hero Member
  • *****
  • Posts: 554
on: Jun 30, 2018
What is the key message of the Impossible Trinity?
 a. The Impossible Trinity claims that there is a tradeoff between inflation, GDP growth, and unemployment.
  b. The Impossible Trinity claims that the three key macroeconomic markets can not be in equilibrium simultaneously.
  c. The Impossible Trinity states that low inflation, low unemployment, and a balanced budget can not be attained at the same time.
  d. The Impossible Trinity states that no country can have a fixed exchange rate, monetary independence, and free and open international trade and capital flows at the same time.

Question 2

If the price of inputs rises and consumer expectations about future economic activity worsens:
 a. Aggregate demand rises, but aggregate supply does not change.
  b. Aggregate demand falls, and aggregate supply rises.
  c. Aggregate demand and aggregate supply rise.
  d. Aggregate demand and aggregate supply fall.
  e. None of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Brummell1998

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

.D

Answer to Question 2

.D


tichca

  • Hero Member
  • *****
  • Posts: 554
Reply #2 on: Jun 30, 2018
Thank you


Brummell1998

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

In the communication technique of collaborating, the nurse sends the message that the nurse and pati In the communication technique of collaborating, the nurse sends the message that the nurse and pati
Labeling of black cohosh: (b) back label with more health claims and FDA disclaimer Labeling of black cohosh: (b) back label with more health claims and FDA disclaimer
Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent
Soup’s On! Nutrient claims on the food label must meet strict FDA criteria Soup’s On! Nutrient claims on the food label must meet strict FDA criteria
Understanding Food Claims Not all label claims are created equal! Understanding Food Claims Not all label claims are created equal!
Message from friend Message from friend
Video: Blood Test Basics

For a complete list of videos, visit our video library