_____________________Effect is an effect that describes the relationship between an increase in productivity, higher exchange rates and an increase in wage growth. This effect shows that when there is an increased level of productivity in the tradable goods sector of a country, there tends to be a higher exchange rate, consumer prices are also likely to be higher
The Balassa-Samuelson effect states that productivity differences between the production of tradable goods in different countries explain large observed differences in wages and in the price of services and between purchasing power parity and currency exchange rates. It suggests that an increase in wages in the tradable goods sector of an emerging economy will also lead to higher wages in the non-tradable (service) sector of the economy. The accompanying increase in prices makes inflation rates higher in faster-growing economies than it is in slow-growing, developed economies .
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We have little choice early in life, but as we grow older choices ______.
ACQUIESCE - The board of directors of the company will acquiesce i n any such decision,on which it is not well-informed.
We are…....to go out for a picnic tomorrow.
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RAPT
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We ________Rohit for the last two months.
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Place where two or more rivers meet
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A set of rooms forming one residence in a building
Select the most appropriate ANTONYM of the given word.
ANNIHILATION
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One who talks in sleep
Select the most appropriate word for the given group of words.
An arrangement of flowers that is usually given as a present