Globalization is defined as the process of countries becoming open to foreign trade and open to foreign investment.

The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will

Management training programs, mentoring programs, and coaching systems are examples of

If the supply of loanable funds increases, what will happen to real interest rates and the international value of the u.s. dollar (usd)? real interest rates / international value of usd