Dollarization of a currency occurs when a country takes all of its own currency out of circulation and replaces it with U.S. dollars.
a. true
b. false
a. true
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In the 1990's Ireland made unemployment benefits less generous. This change would likely have reduced
a. both structural unemployment and the natural rate of unemployment. b. structural unemployment but not the natural rate of unemployment. c. both frictional unemployment and the natural rate of unemployment. d. frictional unemployment but not the natural rate of unemployment.
Which of the following did not happen during the onset of the Great Depression?
a. The money supply fell as households took money out of bank deposits. b. The Fed conducted expansionary monetary policy. c. Stock prices fell about 90 percent. d. Disruption of the banking system made it difficult for some firms to obtain funds for investment.
When the U.S. dollar appreciates,
What will be an ideal response?
Taxes:
A. are sometimes used to correct market failures. B. may benefit many of the consumers in the market. C. are sometimes used to transfer surplus from consumers to producers. D. are sometimes used to transfer surplus from producers to consumers.