Immigration accounts for what percentage of the annual growth in the U.S. labor force in recent years?
A. About 10 percent
B. About 25 percent
C. About 33 percent
D. About 50 percent
D. About 50 percent
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The CPI was 225 in 2008 and 232.2 in 2009. The nominal interest rate during this period was 1.4 percent. What was the real interest rate during this period?
A) 3.2 percent B) 1.8 percent C) 4.6 percent D) -3.2 percent E) -1.8 percent
The expected effects of monetary expansion are
a. lower real interest rates. b. exchange rate depreciation. c. higher inflation. d. All of the above are correct.
Ben is a consumer of Gouda cheese. An increase in the price of Gouda forces Ben to purchase a cheaper quality cheese. This is an example of the: a. wealth effect
b. alternative effect. c. income effect. d. substitution effect.
What are the two approaches followed by the U.S. government to ease the burden on the victims of free trade?
What will be an ideal response?