Because of record-keeping and monetary costs, a general grant is always preferable to a categorical grant
a. True b. False
b
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The international trade effect states that
A) an increase in the price level will raise exports. B) an increase in the price level will lower net exports. C) an increase in the price level will raise net exports. D) an increase in the price level will lower imports.
To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
Which of the following statements is true about a downward-sloping demand curve that is a straight line?
A. The slope remains the same, but elasticity rises as you move down the demand curve. B. The slope remains the same, but elasticity falls as you move down the demand curve. C. The slope and the elasticity fall as you move down the demand curve. D. The slope and the elasticity are the same at all points.
The first major decision in job analysis is _____.
A. how to collect information B. who to involve C. what information is needed D. why perform job analysis