If the demand for Home exports decreased abroad, the Home fall in output would be greatest
A) if the decrease was temporary and the exchange rate was fixed.
B) if the decrease was temporary and the exchange rate was floating.
C) if the decrease was permanent and the exchange rate was fixed.
D) if the decrease was permanent and the exchange rate was floating.
E) if the decrease was permanent and the exchange rate was high.
C
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Refer to the above figure. The firm is operating using MRP0. An increase in productivity has occurred. The relevant curve for the firm after the increase in productivity
A) is MRP0. B) is MRP1. C) is MRP2. D) could be MRP1 or MRP2 depending upon whether the firm was earning a positive profit.
Unemployment that results from a mismatch between worker qualifications and the characteristics employers require is called _________ unemployment.
A. cyclical B. frictional C. search D. structural
The United Steel Workers Union is an example of
A) a craft union. B) an auto union. C) an industrial union. D) a blue collar union.
The demand for money curve is drawn
A. with interest rates on the horizontal axis, and the curve sloping up since the "price" of holding money varies directly with the interest rate. B. holding several things constant, including the price level and interest rates. C. holding several things constant, including GDP and interest rates. D. with interest rates on the vertical axis and the curve sloping down since lower interest rates mean the "price" of holding money has fallen.