The presence of discouraged workers causes the measured unemployment rate to be:
What will be an ideal response?
Jean, who left her job to search for a higher-paying position
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When someone in a country buys an asset abroad, the transaction is recorded
A) in the current account. B) in the official settlements balance. C) in the financial account as a capital inflow. D) in the financial account as a capital outflow.
Any increase in the present value of taxes for the consumer implies
A) an increase in lifetime wealth and an increase in current labor supply. B) an increase in lifetime wealth and a decrease in current labor supply. C) a decrease in lifetime wealth and an increase in current labor supply. D) a decrease in lifetime wealth and a decrease in current labor supply.
If the economy is experiencing an inflationary gap, Keynesian economists advocate allowing flexible wages to shift the short-run aggregate supply curve (SRAC) upward and restore full employment
a. True b. False Indicate whether the statement is true or false
The debt ceiling places a legal limit on the size of the national debt
a. True b. False Indicate whether the statement is true or false