After an unexpected ________ in the price of oil, the long-run adjustment decreases the price level and ________ the unemployment rate as they return to their original levels
A) increase; increases B) increase; decreases
C) decrease; decreases D) decrease; increases
B
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If the total population is 200 million, the labor force is 100 million, and 92 million workers are employed, then the unemployment rate would be
A. 8%. B. 6%. C. 4%. D. 10%.
The figure above shows Tanya's consumption possibilities when the price of a restaurant meal is $20. If the price of a restaurant meal falls to $10 and Tanya buys 12 movie tickets, how many restaurant meals can she buy?
A) 2 B) 3 C) 4 D) 5
Federal Deposit Insurance Corporation protection of deposits
a. increases the likelihood of bank runs b. increases bankers' incentives to be cautious with depositors' money c. reduces bankers' incentives to be cautious with depositors' money d. lessens the need for the Fed to regulate banking activity e. began in 1913 with the creation of the Fed
If the nominal exchange rate were to be expressed as the number of units of domestic currency per unit of foreign currency, and that rate increases, then the domestic currency has:
A. appreciated. B. depreciated. C. become undervalued. D. become overvalued.