At full employment, the ______ employment rate equals zero,
a. cyclical
b. frictional
c. structural
d. overall
a. cyclical
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When a firm builds a new factory, this is an example of an investment in:
A. human capital. B. physical capital. C. research and development. D. the market.
Under perfect capital mobility and flexible exchange rates, monetary policy works through the
a. interest rate. b. exchange rate. c. exports. d. Both b and c e. None of the above
By 2011, how much had U.S. housing prices declined from their peak in 2006?
A) 2 percent B) 33 percent C) 40 percent D) 50 percent
The real exchange rate is defined to be the:
A. value of goods in one nation relative to the value the same set of goods in another country. B. rate at which firms in different nations would be willing to exchange goods. C. rate people exchange goods and services in a domestic market. D. value of goods in one nation relative to the value a similar set of goods in another country.