Compared to the United States, over the last three decades unemployment in Western Europe is ________ and the rate of job creation is ________.

A. lower; slower
B. higher; slower
C. lower; faster
D. higher; faster


Answer: B

Economics

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In the Prisoners' Dilemma game,

a. the Nash equilibrium is the only outcome that is not Pareto optimal. b. neither player has a dominant strategy. c. the Stackelberg equilibrium will be Pareto optimal if the game is played sequentially. d. all possible outcomes are Nash equilibria.

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Internal balance can be graphically represented as the intersection of the IS curve with the LM curve

Indicate whether the statement is true or false

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Why might a country's savings rate have a high positive correlation to its investment rate?

A) A country's gains from intertemporal trade may have been large. B) governments' regulation to avoid inflation C) A country's savings rate and investment rate are generally not positively correlated but rather have negative correlation. D) governments' regulation to avoid large current account balances E) A government has not practiced sufficient fiscal regulation.

Economics

Suppose a person cashes his payroll check and holds all the funds in the form of currency. Everything else held constant, total reserves in the banking system ________ and the monetary base ________

A) remain unchanged; increases B) decrease; increases C) decrease; remains unchanged D) decrease; decreases

Economics