If aggregate demand in the United States had grown more slowly than it actually did in 2010, the
A. unemployment rate would have been even lower.
B. inflation rate would have been even lower.
C. unemployment rate would have been the same.
D. economy would have grown faster.
Answer: B
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Which of the following generally becomes positive when the value of U.S. exports exceeds the value of U.S. imports?
A) capital and financial account B) the balance of payments account C) current account D) the official settlements account E) the exchange rate
A country reports that its inflation rate and unemployment rate have both increased. These changes could be the result of
A) a movement downward along the short-run Phillips curve. B) a movement upward along the short-run Phillips curve. C) a downward shift of the short-run Phillips curve. D) an upward shift of the short-run Phillips curve. E) a leftward shift of the long-run Phillips curve.
It is difficult for cyclically unemployed persons to find jobs because
a. they typically do not meet the qualifications required for the available jobs b. the economy is in a recession c. they voluntarily quit their last jobs and employers may view them as unreliable d. they typically have not looked long enough to find a job e. they voluntarily have left the labor force
In the regression model Y = a + bX + cZ , a test of the hypothesis that parameter c equals zero is
A. an F-test. B. a zero-statistic. C. a Z-test. D. a t-test. E. an R2-test.