Some adults who were not working are included in the Bureau of Labor Statistics' "employed" category
a. True
b. False
Indicate whether the statement is true or false
True
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A change in which of the following changes the supply of dollars and shifts the supply curve of dollars?
I. an increase in the exchange rate II. a change in interest rates III. a decrease in the expected future exchange rate A) I B) I and II C) II and III D) I, II, and III
Which of the following mergers would result from the purchase of a computer chip company by IBM?
a. A horizontal merger. b. A vertical merger. c. A conglomerate merger. d. An interlocking merger.
Real business cycle theorists emphasize
a. the large number of minor, unconnected technological changes and their randomness, and these are not factors generating a business cycle b. the small number of technological changes that clustered together trigger the business cycle c. the evenness (or absence of any variations) in the economy's full employment growth path d. the static and uncompetitive nature of the economy, which explains the failure of the economy to generate full employment e. that technological change is irrelevant in a modern industrial society
The model of aggregate demand and aggregate supply
a. is different from the model of supply and demand for a particular market, in that we cannot focus on the substitution of resources between markets to explain aggregate relationships. b. is different from the model of supply and demand for a particular market, in that we have to separate real and nominal variables in the aggregate model. c. is a straightforward extension of the model of supply and demand for a particular market, in which substitution of resources between markets is highlighted. d. is a straightforward extension of the model of supply and demand for a particular market, in which the interaction between real and nominal variables is highlighted.