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COMM1150-Global Business Environments - T2/2025
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Which of the following best explains why sticky wages can cause unemployment during a recession?
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Which form of money has no intrinsic value and is declared legal tender by a government?
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What is a major disadvantage of unexpected inflation?
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Gross Domestic Product (GDP) is a measure of:
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How does the central bank influence the money supply to stabilize prices in the economy?
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A fall in consumer confidence leads households to increase their savings. What is the likely short-run impact on output?
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What are some factors that contribute to income inequality?
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In the simple model of aggregate demand discussed in class:
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What is the primary reason some countries experience higher GDP per capita than others?
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What is one of the major limitations of redistribution as a tool for economic growth?
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