If the United States produces the same level of output each year instead of increasing it,
a. the unemployment rate will rise.
b. the unemployment rate will remain unchanged.
c. the unemployment rate will fall.
d. there will be full employment.
a. the unemployment rate will rise.
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The real exchange rate is:
A) how much of a foreign currency you can buy with the domestic currency. B) foreign CPI divided by the domestic CPI. C) the price of foreign goods in terms of domestic goods. D) the price of foreign goods in dollars. E) the domestic currency divided by the price level.
Which of the following helps low-income countries grow rapidly relative to high-income countries?
A. Low-income countries are in a better position to save a larger share of their income. B. Low-income countries can employ technologies and practices that have been successful in high-income countries. C. Low-income countries generally have legal systems that protect property rights and enforce contracts in a more evenhanded manner. D. Low-income countries generally have more favorable weather conditions.
A company switches from a medical plan that covered all medical costs to a medical plan with a high deductible, making employees responsible for the first $1,500 of health care costs. Other things the same, a higher deductible is expected to:
A. increase both medical claims and hospital admissions. B. reduce both medical claims and hospital admissions. C. increase medical claims and reduce hospital admissions. D. reduce medical claims and increase hospital admissions.
What is the present value of $100 two years from now at an interest rate of 5%?
A) $105 B) $95.24 C) $90.70 D) $5