Since 2006, our unemployment rate
A. rose.
B. fell.
C. stayed about the same.
A. rose.
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When output is below the full employment level of real GDP, the Federal Reserve banks should ________.
A. sell bonds B. raise the federal funds rate C. raise the discount rate D. lower the reserve ratio
The cross elasticity of demand for butter and margarine is likely to be
A) positive because they are substitutes. B) positive because they are complements. C) negative because they are substitutes. D) negative because they are complements. E) positive because they are normal goods.
Macroeconomics is concerned with the behavior of all of the firms in a particular industry, while microeconomics focuses on a single firm in the same industry
Indicate whether the statement is true or false
If domestic income is rising,
a. exports will increase. b. demand for foreign currency will fall. c. imports will increase. d. imports will decrease.