Short-term economic fluctuations are ________ in length and severity and ________ to predict.
A. irregular; easy
B. regular; easy
C. regular; difficult
D. irregular; difficult
Answer: D
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Under both the gold standard and the gold exchange standard countries bought and sold U.S. dollars to maintain a fixed exchange rate with the dollar
a. True b. False Indicate whether the statement is true or false
Refer to Figure 27.1. Production efficiency
A. Can be achieved at P4. B. Can be achieved at P1. C. Can be achieved at P3. D. Cannot be achieved at any price without a subsidy.
The labor force participation rate:
A. tells us what fraction of the working-age population wants to be working. B. is measured by the labor force divided by the total population. C. is measured by those employed divided by the working-age population. D. typically rises during periods of recession.
Total debt is more important in figuring out the ability of a country to service its debt than are debt to GDP and debt to export ratios
Indicate whether the statement is true or false