If the U.S. trade deficit was reduced in a rush, what would be a possible result?
a. decreasing inflation and increasing unemployment
b. increasing inflation and decreasing unemployment
c. increasing inflation and increasing unemployment
d. decreasing inflation and decreasing unemployment
c. increasing inflation and increasing unemployment
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The part of consumption that is independent of disposable income is called
A) autonomous consumption. B) fixed consumption. C) automatic consumption. D) personal consumption.
Wal-Mart has a limited number of "Black Friday" (the day after Thanksgiving Day) special items on sale at prices well below their typical price. Wal-Mart opens at 10 PM on Thanksgiving. Wal-Mart is using a ________ allocation method for these it
A) first-come, first-served B) market price C) contest D) majority rule E) command
With fixed exchange rates, an increase in the foreign inflation rate, with constant income and domestic credit, will lead to
A) a change in the exchange rate. B) an increase in international reserves. C) a decrease in international reserves. D) no change in international reserves.
Fred has lost his factory job, replaced by welding robots, and soon plans to go to technical school to learn computer repair because he cannot find a similar job to the one he lost. The type of unemployment facing Fred is: a. frictional. b. structural. c. cyclical
d. natural.