The rate of unemployment tends to be lowest for:
A. Black teenagers
B. White teenagers
C. Black adult males
D. White adult males
D. White adult males
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Union membership has continued to grow faster than the labor force in the United States since World War II
a. True b. False
If there are no reserves, domestic adjustments to payment imbalances under fixed exchange rates require surplus countries to forsake full employment and deficit countries to forsake price stability.
Answer the following statement true (T) or false (F)
When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline
In Figure 20.2, the increase in Real GDP might reflect 
A. increased consumer confidence. B. lower marginal tax rates on capital income. C. increased standards of environmental protection. D. increased current government spending.