An increase in the real interest rate outside of the United States will ________ the demand for the dollar and ________ the demand for foreign financial assets
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
C
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Which of the following would cause the unemployment rate as measured by the Bureau of Labor Statistics to overstate the true degree of joblessness in the economy?
A) discouraged workers B) unemployed persons who falsely report themselves as actively looking for a job C) retired people who have no intention of returning to work D) people with part-time jobs who would prefer to be working full time
Which of the following is a reason why the economy has tipped into recession less frequently in recent decades?
a. The size of government spending and taxes has increased in the second half of the twentieth century. b. The size of government spending and taxes has decreased in the second half of the twentieth century. c. The size of government spending has increased and taxes have decreased in the second half of the twentieth century. d. The size of government spending has decreased and taxes have increased in the second half of the twentieth century.
In the event of a detrimental externality which affects the public interest, government action is the only solution
a. True b. False Indicate whether the statement is true or false
Table 14.2Table 14.2 represents 3 markets for used guitars. Which of the markets in Table 14.2 are NOT in equilibrium?
A. 1 only B. 2 only C. 3 only D. 2 and 3