For example, if France had a very high employment rate, how would that affect the UK in terms of interest rates and inflation? Please explain thoroughly and simply.
Effect of employment rate in one country on another?
Interest rates and inflation in the UK are determined primarily by the policies of the Bank of England and inflationary expectations. French unemployment has next to no impact on the UK.
Reply:Have you any clue to the answer? That is a thought provoking question and one that requires some knowledge of the subject and considerable time to think about. Its a very good question. However, it is not one that can be explained thoroughly and simply.
I'm not getting paid enough to tax my brain answering this one.
Why don't you give it a try? I take it that you're a college kid who is going to work in "the real world" some day. Tax your lazy young brain.
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