The correct answer is: "Purchasing Power Parity"
The theory of the Purchasing Power Parity is used to compare the cost of life and living standards between two countries that use two different currencies. This is done by comparing two curriencies through a basket of goods, by comparing their market prices and, therefore, how they are valued under each currency. This enables to conclude how much of each currency you need to purchase an specific product (a bike) and hence, the purchasing power of consumers who hold that currency.
The answer has to be Lead away, hope that helped
Answer:
The statement recognizes that fiscal policy is not enough to keep an economy at full employment and with low inflation levels for a long period of type.
Explanation:
First of all, it is widely accepted by economists that society faces a short-term trade-off between inflation and employment. The reason for this is that controlling inflation in the short-term requires limiting the amount of money circulating in an economy, and less money means less saving, less investment, and thus, less employment. Hence, we can conclude that balance full employment with low inflation is extremely hard.
Secondly, fiscal policy by itself is not effective in controlling inflation. Inflation is the main goal of monteray policy, which is set by the central bank (in the United States, the Federal Reserve system), and uses a set of tools to achieve the aim of low inflation.
Answer:
Answer: C
Explanation:
Well, "outcompeting" means that they hunt the same food, live in the same area etc, etc. but one of the two species beat the other species to everything the species share, like, it beats the other species in their competition for whatever they need. onece you know the defenition, you should be able to figure it out from there...
Also, IT'S IN THE NAME, it says "Resources" right there! (don't blame u if u didn't notice).
Hope it helps.
YW
