Other things the same, an increase in the U.S. real exchange rate makes U.S. goods more expensive relative to foreign goods
a. True
b. False
Indicate whether the statement is true or false
True
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A difference between moral hazard and adverse selection is that
a. moral hazard deals with pre-contractually determined public information b. moral hazard deals with post-contractually determined private information c. adverse selection deals with pre-contractually determined private information d. adverse selection deals with post-contractually determined public information
Which of the following is an example of an intermediate good?
a. a pair of jeans sold by a clothing retailer b. cloth sold to a suit manufacturer c. a share of Wal-Mart stock d. a used Ford Mustang sold from one neighbor to another
In the early 1930s, U.S. government expenditures increased as part of the New Deal without any change in taxes. This:
A. shifted the AD curve to the right. B. made the AD curve flatter. C. made the AD curve steeper. D. shifted the AD curve to the left.
Which of the following can make the unemployment rate rise?
A. A decrease in the number of people with jobs. B. A decrease in the number of people neither working nor looking for work. C. An increase in the number of people who are looking for work. D. An increase in the number of people who are looking for work and a decrease in the number of people with jobs.