The largest migration pattern in China at present is from urban centers to more rural areas to escape traffic and pollution
Indicate whether the statement is true or false
FALSE
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If the economy in the graph shown is currently at point D, we can conclude the:
A. economy is in an economic boom.
B. government may want to enact contractionary fiscal policy.
C. unemployment rate is likely very low.
D. All of these are likely to be true.
In the classical model with an open economy, an increase in government purchases can affect a country's exchange rate, causing its imports and exports to change
a. True b. False
Which of the following statements is true about causes of business cycle fluctuations?
A. Economists all agree that supply shocks are the cause of most business cycle fluctuations. B. Economists all agree that productivity shocks are the cause of most business cycle changes. C. Economists all agree that monetary changes are primarily responsible for business cycle fluctuations. D. There are a wide range of theories as to the underlying causes of business cycle movements.
Barter
A. Makes market transactions easier and less time-consuming. B. Is the direct exchange of one good for another. C. Is considered to be an efficient process for an economy. D. Requires that gold be used to assess value.