The exchange rate is the price measured in one country's currency of buying one unit of another country's currency
Indicate whether the statement is true or false
true
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An economic expansion leads to ________ needs-tested spending and ________ induced taxes
A) higher; lower B) lower; higher C) higher; higher D) lower; lower E) lower; no change in
Total expenditures as discussed by Gordon are
A) C + I + G + M. B) C + S + T + X. C) C + I + S + X. D) C + I + G + X - M.
Which of the following would be the least likely to increase total factor productivity?
A) private investment in research and development B) increases in human capital C) the establishment of strong property rights D) increases in the population growth rate
If real wages fall as output rises, then in the classical model it must be the case that
a. labor demand rose. b. labor demand fell. c. labor supply rose. d. labor supply fell. e. none of the above.