Which of the following would be likely to cause a nation's currency to depreciate?
What will be an ideal response?
higher foreign interest rates
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The average annual growth rates of labor productivity from 1948 to 1973 were ________ the average rates over the period from 1973 to 1995.
A. more rapid in the U.S., but slower in other industrialized countries than B. about the same as C. more rapid than D. slower than
In a perfectly competitive market, in the long run a permanent decrease in the market demand results in a smaller number of firms
Indicate whether the statement is true or false
Field (2003) claims that the period from 1929 to 1941 was the strongest period of what in U.S. history?
(a) Technological advancements (b) Monetary policy (c) Government action (d) Internationalization
The civilian labor force consists of all the:
a. people in the economy who are not retired. b. people in the economy over 16 years of age. c. adults in the economy between 18 and 65 years old who are able to work. d. noninstitutionalized adults in the economy who hold jobs or are looking for them. e. citizens in the economy who are graduates of high school.