With the exception of during recessions, workers in Canada are eligible for unemployment benefits for about twice as long a period of time as workers in the United States. As a result,
A) frictional unemployment is higher, on average, in the United States than in Canada.
B) the opportunity cost of job search in Canada is lower than in the United States.
C) the average duration of unemployment is longer in the United States than in Canada.
D) the unemployment rate in Canada is usually higher than in the United States.
D
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The fact that the United States exports Budweiser beer and imports Heineken beer can be explained by:
a. the differences in labor productivity in the U.S. and other countries. b. the differences in factor endowments in the U.S. and its trading partners. c. the fact that the world price of Budweiser beer is lower than Heineken beer. d. the fact that production of Budweiser beer in the U.S. is inadequate compared to its demand. e. the preference for foreign brands of beer by a part of the U.S. population.
To offset increased pessimism by households, the government may _____ government spending and/or _____ taxes
Fill in the blank(s) with correct word
The growth rate of potential GDP is not affected by
A. the growth rate of the labor force. B. the growth rate of a nation’s capital stock. C. the rate of technological progress. D. environmentalists’ ability to pass regulations.
Inflation targeting refers to conducting ________ policy so as to commit the central bank to achieving a ________
A) fiscal; publicly announced level of inflation B) fiscal; zero inflation rate C) monetary; publicly announced level of inflation D) monetary; zero inflation rate