The actual rate of unemployment will generally
What will be an ideal response?
increase as an economy enters a recession
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When Walmart sells toys imported from China:
A) the U.S. consumers pay in dollars while the workers who produce the toys are paid in yuan. B) the U.S. consumers pay in dollars and the workers who produce the toys are also paid in dollars. C) the U.S. consumers pay in yuan while workers who produce the toys are paid in dollars. D) the U.S. consumers pay in yuan and the workers who produce the toys are also paid in yuan.
The current exchange rate system for most currencies is described most accurately as one of
A. fixed exchange rates. B. freely flexible exchange rates. C. gold standard rates. D. dirty or managed floating.
An increase in the price level will increase the interest rate, which will decrease investment spending and shift aggregate demand to the left
a. True b. False
If a country is going to achieve a high economic freedom rating, it must
a. follow rule of law principles and create a stable monetary environment. b. be a political democracy. c. refrain from the imposition of barriers that limit voluntary exchange. d. rely primarily on government expenditures and regulations (rather than markets) to allocate goods and resources. e. both a and c are true.