If the inflation rate in New Zealand were to rise relative to the inflation rate in Russia Australia, which of the following correctly explains what would happen to the demand for Australian or New Zealand goods? (1 point)
• Demand for Australian goods will rise.
• Demand for New Zealand goods will rise.
There is no way of gauging the impact of inflation without more details regarding New Zealand's imports and exports.
• Inflation in New Zealand will not change the demand for either countries' goods.