Which of the following is not likely to occur because of exchange rate fluctuations?
A. An end to flexible exchange rates worldwide.
B. Inflation.
C. A decrease in the demand for exports.
D. An increase in the demand for imports.
Answer: A
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An open market ________ by the Fed decreases the money supply, which leads to ________ interest rates and a fall in investment spending
A) sale; decreased B) sale; increased C) purchase; increased D) purchase; decreased
The labor force consists of all adults who are currently employed
a. True b. False Indicate whether the statement is true or false
If inflation is greater than expected, then the unemployment rate is
a. above the natural rate. In the long run the short-run Phillips curve will shift right. b. above the natural rate. In the long run the short-run Phillips curve will shift left. c. below the natural rate. In the long run the short-run Phillips curve will shift right. d. below the natural rate. In the long run the short-run Phillips curve will shift left.
The value of marginal product (VMP) of an input such as labor is the
A) additional output produced by the last unit of an input. B) total revenue divided by the units of the input employed. C) extra revenue gained by selling one more unit of output. D) extra revenue gained by employing one more unit of the input.