Exchange rates (for instance, the dollar price of yen) tend to be different worldwide at any point in time because of different tastes for currencies in each country
Indicate whether the statement is true or false
FALSE
Explanation: because exchange arbitrage makes them equal, excluding transaction costs.
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The label "discouraged worker" refers to a change of status from ________
A) employed to actively seeking employment B) unemployed to employed C) unemployed to not in the labor force D) not in the labor force to unemployed
A central bank disinflates. Output is 4% less for one year, 3% less the next year, and 2% less the third year. If inflation fell by 2 percentage points, what was the sacrifice ratio?
A perfectly competitive industry's market price is found by
A) finding the point on the market demand curve where the largest number of units will be purchased. B) locating the intersection of the market demand and market supply curves. C) the horizontal summation of all the industry firms' individual supply curves. D) identifying the price at which each firm realizes its largest economic profit.
The natural rate of unemployment is
A. the unemployment rate that exists in long-run equilibrium, after adjustments to all changes have occurred. B. zero. C. the unemployment rate when there is no structural unemployment. D. the unemployment rate becomes negative.