Starting at full employment, a business cycle can be described by the following sequence: ... equilibrium, ... equilibrium, ... equilibrium
What will be an ideal response?
below full-employment; full-employment; above full-employment
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Our currency is issued by
A. the United States Treasury. B. the Federal Reserve. C. individual commercial banks. D. the Internal Revenue Service.
Which of the following is NOT a deficit item on the international accounts balance sheet for a country?
A) imports of merchandise B) military spending abroad C) purchases of foreign currency D) exports of merchandise
In 2006, $1.00 U.S. purchased 1400 Korean Won and in 2010, it purchased 900 Korean Won. Therefore, 1,000 Korean Won was worth _____ U.S. in 2006 and _____ U.S. in 2010
a. $0.84; $1.09 b. $0.72; $1 c. $0.83; $1.12 d. $0.71; $1.11
Goods that firms repackage or bundle with other goods for sale at a later stage
What will be an ideal response?