Barriers to immigration are much higher in most countries today, than it was in the twentieth century
a. True
b. False
Indicate whether the statement is true or false
True
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U.S. net export spending rises when
A) the inflation rate is higher in the United States relative to other countries. B) the value of the U.S. dollar increases relative to other currencies. C) the price level in the United States rises relative to the price level in other countries. D) the growth rate of U.S. GDP is slower than the growth rate of GDP in other countries.
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.
The rational-expectations hypothesis implies that there is no need for government stabilization policies.
Answer the following statement true (T) or false (F)
Refer to the graph shown. The burden of the tax is borne entirely by sellers in graphs:
A. C and D. B. B and C. C. B and D. D. A and D.