According to this Application, increases in unemployment insurance will ________ the total amount of employment
A) either increase or decrease B) have no effect on
C) increase D) decrease
D
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Ricardian equivalence suggests that forward looking households ________ the future taxes required to pay off government debt, so that reductions in lump-sum taxes have ________ effect on the economy
A) fully anticipate; a multiplied B) fully anticipate; no C) are unaware of; a negative D) are unaware of; a positive
The international trade agreement that was executed in the 1940s was
a. the NAFTA b. the U.S.–Mexico Border 2012 Agreement c. the London Convention d. the 1996 Protocol e. the GATT
When U.S. residents buy foreign assets from foreigners, the ______.
a. monetary outflows provide foreigners with U.S. dollars b. purchases are recorded as debits in the current account c. monetary inflows provide U.S. residents with foreign currency d. purchases are recorded as credits in the financial account
During the years 1970-1986, the merchandise balance of trade in the U.S. shifted from a
A. trade deficit to a trade surplus. B. small trade deficit to a large trade surplus. C. trade surplus to a large trade deficit. D. small trade surplus to a large trade surplus.