If stricter immigration laws are imposed and many foreign workers in the United States are forced to go back to their home countries
A) the long-run aggregate supply curve will shift to the right.
B) the long-run aggregate supply curve will shift to the left.
C) we will move up along the long-run aggregate supply curve.
D) we will move down along the long-run aggregate supply curve.
Answer: B
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Suppose the Fed purchases Treasury securities. Interest rates in the United States will ________ and the U.S. dollar will ________ against foreign currencies
A) decrease; appreciate B) increase; depreciate C) decrease; depreciate D) increase; appreciate
When demand for goods and services is high, firms are more likely to hire more workers.
Answer the following statement true (T) or false (F)
The key to the equality of output and income is:
A. transfer payments. B. employee compensation. C. profit. D. business taxes.
Monetary policy refers to the actions taken by the Treasury Department to set the level of the money supply.
Answer the following statement true (T) or false (F)