Recall the Application about the study done about the perceptions and behavior of the unemployed in Great Britain to answer the following question(s).According to this Application, if you are unemployed and if your peer group were also unemployed:
A. you have a better chance of finding employment.
B. you may not be as aggressive in searching for work.
C. you will want to find a job quickly to encourage your peer group about employment prospects.
D. you have little chance of finding a job.
Answer: B
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In 2006, real GDP in Belgium grew at a 3 percent rate and inflation was 1.8 percent while the population did not change. As a result, there was ________ demand for money curve in Belgium
A) a rightward shift of the B) a leftward shift of the C) a movement up along the D) no change in the
Consider an economic policy regime in which rules are well-known but frequently ignored. Which of these statements is true?
A) This regime might work in the long-run, but is unlikely to produce good outcomes in the short run. B) Policymakers in this regime might find that rules are being broken with increasing frequency. C) This regime is more likely to be supported by nonactivist, than by activist policymakers. D) This regime is more likely to result in high unemployment than in high inflation. E) This regime is unlikely to produce large government budget deficits.
A country like the U.S., which is operating at the technological frontier, can improve its technology only by:
a. repurposing b. redeveloping c. innovating d. purchasing
Consider two people involved in a marriage or relationship. If, when one person is caught cheating on their agreement, the other cheats once as a punishment. In this example, then they are using a:
A. tit-for-tat strategy. B. grim-trigger strategy. C. dominant strategy. D. predatory strategy.