The above table shows answers given by people interviewed in the Current Population Survey. Which person is cyclically unemployed?
A) A
B) B
C) C
D) none of the people
D
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Explain the relationship between the real interest rate and investment demand. Compare that relationship to the relationship between expected profit and investment demand
What will be an ideal response?
A medical doctor who works for a state -owned hospital in Greece ________ a government official and a U.S. firm bribing the doctor ________ illegal under the Foreign Corrupt Practice Act (FCPA).
A) is; is B) is not; is C) is; is not D) is not; is no
Expansionary fiscal policy actions include
A) Increased defense spending. B) Increase government spending. C) Cutting income taxes. D) All of the above.
Individuals who have never been the best at doing anything
A) cannot have a comparative advantage in producing any product. B) can still have a comparative advantage in producing some product. C) perform all tasks at a higher opportunity cost than others. D) must have an absolute advantage in at least ones task.