With regional specialization, a nation is bound to suffer some mismatch unemployment. For example, in the early 1990s the highest regional unemployment rate was in
A) California.
B) the South.
C) the Midwest.
D) none of the above because the unemployment rate as essentially equal in all regions.
A
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Assume that national income = $4,000 . C = $500 + 0.80(Y), and intended investment = $200 . Then all of the following are true except
a. saving at Y = $0 is -$500 b. national income will increase c. there will be $100 of unplanned investment in inventories d. actual investment will equal $300 e. production will decrease
In the balance of payments accounts, a net importer of capital is a nation that
a. sells more goods in foreign countries than it imports. b. must be running a trade surplus. c. sells more assets to individuals in other countries than the assets it buys from them. d. buys more assets from individuals in other countries than the assets it sells to them.
Assume that foreign capital flows into a nation rise due to expected increases in stock market appreciation. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the GDP Price Index and current international transactions balance in the context of the Three-Sector-Model? a. The GDP Price Index falls and current international transactions
balance becomes more negative (or less positive). b. The GDP Price Index rises and current international transactions balance becomes more negative (or less positive). c. The GDP Price Index and current international transactions balance remain the same. d. The GDP Price Index rises and current international transactions balance remains the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
Which of the following will result in secular deflation?
A. continuous rightward shifts of the long-run aggregate supply curve B. a one-time rightward shift of the long-run aggregate supply curve C. continuous rightward shifts of the aggregate demand curve D. a one-time rightward shift of the aggregate demand curve