A reduction in the unemployment rate will tend to cause which of the following?
A) an increase in the separation rate
B) a reduction in the nominal wage
C) a reduction in the duration that one is unemployed
D) none of the above
C
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The yuan-dollar exchange rate is currently:
A) fixed. B) floating. C) managed. D) flexible.
A change in the multiplier (k) will change the
A) slope of the IS curve. B) slope and the position of the IS curve. C) slope of the LM curve. D) position of the LM curve.
Whenever any firms in a concentrated industry merge, the four firm concentration ratio ___ and the Herfindahl-Hirschman Index ____: a. Will rise; will rise
b. Will rise; may rise or stay the same. c. May rise or stay the same; will rise. d. May rise or stay the same; May rise or stay the same.
Which one of the following is least likely to be considered a public good?
a. An interstate highway b. A national park c. Wildlife d. A river e. A golf course