The costs of unemployment to an individual out of work are larger now than in the 1930s
a. True
b. False
Indicate whether the statement is true or false
False
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Use the following graph, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product, to answer the next question.
With a per-unit tariff of Pt?Pc, the total amount of tariff revenue collected on this product will be
A. Pa?Pt times y?w. B. Pt?Pc times y?w. C. Pt?Pc times z. D. Pa?Pc times x.
If the Treasury finances an expenditure by borrowing from the banking system, the money supply will not be affected if the banks
A) borrowed from the discount window to buy the government bonds. B) had no excess reserves when they bought the bonds. C) were not members of the Federal Reserve System. D) had no other government securities in their portfolios.
The pricing rule MR=MC holds for
a. All firms b. Single product firms c. Multiple product firms d. None of the above
When the dollar depreciates, this shifts the AD curve rightward and the SRAS curve leftward, which will always lead to a higher Real GDP
Indicate whether the statement is true or false