Answer the following statement(s) true (T) or false (F)
1. Most societies share the same three major macroeconomic goals.
2. News of changes in unemployment figures has little effect on the stock market.
3. Unemployment begins to fall as soon as a recession ends.
4. The U.S. Department of Labor considers discouraged workers unemployed.
5. The unemployment rate varies between men and women.
1. TRUE
2. FALSE
3. FALSE
4. FALSE
5. TRUE
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Which of the following is a TRUE statement about the relationship between the price of bonds and the interest rate?
A) The prices of bonds are directly related to the interest rate. B) The prices of bonds increase when the interest rates rise. C) The prices of bonds are unrelated to the interest rate. D) The prices of bonds are inversely related to the interest rate.
Persistent negative current account balances will lead to ____
a. c and d b. d and e c. budget deficits d. appreciation of foreign currency e. depreciation of domestic currency
Differentiated" is another word for:
a. identical. b. homogeneous. c. heterogeneous. d. None of these has the same meaning.
The change in consumption resulting from a change in real income
a. demand curve b. income effect c. elastic d. inferior good