The _____ measures the degree of association between two independent variables in an a distribution
a. expectation
b. standard deviation
c. correlation coefficient
d. variance
C
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Everything else being the same, if the interest rate in the United States increases, then in the foreign exchange market the
A) demand for U.S. dollars will remain unchanged. B) demand for U.S. dollars will increase. C) demand for U.S. dollars will decrease. D) supply of U.S. dollars will increase.
The impact of crowding out
A) is larger in an open economy as compared to a closed economy. B) is larger in a closed economy as compared to an open economy. C) is larger in an open economy as compared to a closed economy when fiscal policy is contractionary. D) is larger in a closed economy as compared to an open economy when fiscal policy is contractionary.
To be counted as "employed" in the U.S. labor force statistics, a person
a. must be working for pay and be working full time. b. must be working for pay but does not have to be working full time. c. does not have to be working for pay if they are working for a family business but must be employed full time. d. does not have to be working for pay if they are working for a family business and does not have to be working full time
Firms face downward sloping demand curves in
A) monopolies only. B) monopolies and oligopolies only. C) monopolies and oligopolies that collude only. D) all market structures except perfect competition.