The main policy goal for a country according to the mercantilists is
A) to create a one-time deficit in the balance of payments.
B) to create a continuing deficit in the balance of payments.
C) to create a one-time surplus in the balance of payments.
D) to create a continuing surplus in the balance of payments.
E) to create specie overflows.
D
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If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the labor force is
A) 1000. B) 1100. C) 1400. D) 1500.
The ability of the Federal Reserve to use monetary policy to affect economic variables such as real GDP ultimately depends upon its ability to affect
A) nominal interest rates. B) foreign exchange rates. C) real interest rates. D) tax rates.
The quantity of goods exchanged in a market will be below the equilibrium quantity
a. when the price is either held above or below the equilibrium price. b. only when the price is held above the equilibrium price. c. only when the price is held below the equilibrium price. d. only when the price is rising.
If you currently make $25,000 a year and the CPI rises from 110 today to 150 in five years, then you need to be making $43,333.33 in five years to have kept pace with consumer price inflation
a. True b. False Indicate whether the statement is true or false