When the dollar depreciates against the euro, which of the following is unlikely to happen?
A) German consumers will buy more U.S. products
B) U.S consumers will find German goods to be more expensive
C) German firms that export to the U.S. market will have a higher profit
D) Americans will not travel to the euro areas as much for vacations
Ans: C) German firms that export to the U.S. market will have a higher profit
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The unemployment rate is defined as the number of
A) unemployed people divided by the number of employed people. B) unemployed people divided by the sum of the people employed and the people unemployed. C) employed people divided by the number of people in the country. D) unemployed people divided by the number of people in the country who are employed. E) unemployed people divided by the number of people in the country.
Other things the same, an increase in the expected price level shifts
a. short-run aggregate supply right. b. short-run aggregate supply left. c. aggregate-demand right. d. aggregated-demand left.
Which of the following, other things the same, would make the price level decrease and real GDP increase?
a. long-run aggregate supply shifts right b. long-run aggregate supply shifts left c. aggregate demand shifts right d. aggregate demand shifts left
Choose the correct statement.
A. The minimum wage results in decreased job search. B. An unregulated labor market cannot allocate the economy's scarce labor resources to the jobs in which they are valued more highly. C. The MSB from labor to workers is leisure foregone. D. In a labor market with an effective minimum wage, the MSB of labor is greater than its MSC.