Which of the following is a leading business cycle indicator?
a. The unemployment rate.
b. The volume of outstanding commercial loans.
c. New building permits.
d. Personal income.
c
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Beth has just quit her job, moved to a new city, and is looking for a new job. Beth is
A) frictionally unemployed. B) structurally unemployed. C) distance unemployed. D) cyclically unemployed. E) locationally unemployed.
If the price level in the U.S. is 120, the price level in South Africa is 140, and the nominal exchange rate is 7 South African rands per dollar, then the real exchange rate is
A) 6 South African goods per U.S. good. B) 8.4 South African goods per U.S. good. C) 9.8 South African goods per U.S. good. D) 1.4 South African goods per U.S. good.
The real business cycle model replicates the key business cycle regularities
A) both qualitatively and quantitatively. B) qualitatively but not quantitatively. C) quantitatively but not qualitatively. D) neither qualitatively nor quantitatively.
If companies who took into account an externality want to supply less at any given price compared to the original market supply, it must be a:
A. positive externality. B. negative externality. C. network externality. D. social externality.