Contractionary fiscal policy uses ________ government spending and ________ taxes to increase aggregate economic activity
A) lower; higher B) higher; lower C) higher; higher D) lower; lower
A
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If a firm is due to be paid in euros in two months, to hedge against exchange-rate risk the firm should ________ foreign exchange futures ________
A) sell; short B) buy; long C) sell; long D) buy; short
Which of the following would be recorded as a U.S. merchandise export? a. An American tourist spends 10,000 francs on vacation in the south of France. b. A machine shop in Ohio purchases a grinder made in Italy. c. An American receives a $50 dividend check on stock she owns in a business in Germany
d. The U.S. government subsidizes American farmers for planting corn for export. e. France purchases a new jet fighter aircraft from the Boeing Company in the United States.
By 1967, how did television coverage of the war in Vietnam influence the American public's opinion about this conflict?
A) Scenes of human suffering and devastation convinced the public that the Johnson administration's moral justification of U.S. involvement in Vietnam as a defense of freedom and democracy was no longer true. B) Americans were angered at the Communist victories of the North Vietnamese troops and Vietcong guerrillas and this led them to support the war as a struggle to defeat Communism. C) Americans continued to put their trust in President Johnson and were convinced that the end of the war was in sight. D) Network news largely ignored the conflict in Vietnam, so the American public was unaware of what was taking place there.
Of the 500,000 people (age 16+) in a particular country, 300,000 people are in the labor force. Of these, 240,000 are employed and 60,000 are unemployed. What is the labor force participation rate?
A. 80% B. 55% C. 60% D. 48% E. 25%