Related to the Economics in Practice on p. 448: Compared to students who graduate college and obtain employment during a recession, students who graduate during an economic expansion often find that starting wages are ________ and wage growth is ________.
A. higher; faster
B. lower; faster
C. higher; slower
D. lower; slower
Answer: A
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Debt equity swaps may lead to
(a) increased foreign ownership. (b) greater domestic inflation. (c) lower debt servicing requirements. (d) all of the above. (e) none of the above.
The Chairman of the Federal Open Market Committee is also
A) the president of the Federal Reserve Bank of New York. B) the chairman of the Securities and Exchange Commission. C) the chairman of the Federal Deposit Insurance Corporation. D) the chairman of the Board of Governors.
The sum of internal and external costs is
A) externalities. B) social costs. C) internalities. D) private costs.
In a fixed exchange rate regime, an increase in the price level will cause which of the following?
A) a real appreciation and a leftward shift in the aggregate demand curve B) a real appreciation and no shift in the aggregate demand curve C) a real depreciation and a rightward shift in the aggregate demand curve D) a real depreciation and no shift in the aggregate demand curve E) no change in the real exchange rate, and no change in aggregate demand