ARRA involved substantial
a. increases in government spending.
b. decreases in government spending.
c. increases in the money supply
d. decreases in the money supply.
a
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The changing age structure of the US population and more efficient labor markets are both possible explanations for:
A. the stagnation of real wages. B. the 2001 recession. C. the decline in the natural rate of unemployment. D. the increase in the cyclical rate of unemployment.
Specialization is not affected by the geography of an area
a. True b. False Indicate whether the statement is true or false
Self-fulfilling expectations challenge the idea of a well-functioning market, particularly in the exchange rate market, because the exchange rate:
A. is determined by rumors. B. may be driven by supply and demand forces. C. may not be driven by supply and demand forces. D. is determined by traders and speculators.
If opportunity costs are ________, the production possibilities frontier would be graphed as a negatively sloped straight line
A) increasing B) constant C) decreasing D) negative