Question 62 pts An inward-oriented strategy is designed to: Flag this Question Q
ID: 2439256 • Letter: Q
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Question 62 pts
An inward-oriented strategy is designed to:
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Question 72 pts
A sudden technological breakthrough in an economy would:
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Question 82 pts
A look at macroeconomic data across countries reveals that when economies experience recessions, unemployment rates rise, but wages fall very little, if at all. Which of the following is most likely to support this observation?
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Question 92 pts
A country is strongly inward-oriented if exports are clearly discouraged by controls to isolate and protect the domestic market.
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Question 102 pts
According to the long-run Phillips curve, which of the following will be the end result of an expansionary monetary policy when unemployment is at its natural rate?
lower the production of capital goods.Explanation / Answer
Ans62) the correct option is develop the domestic manufacturing sector. An inward-oriented strategy designed to stimulate an outward shift of AD caused by increased domestic consumption and reduced import expenditure.
Ans72) the correct option is cause aggregate supply to rise.
Ans82) the correct option is Long term labor contracts make the wage rates sticky downwards.
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