Other things remaining the same, as U.S. imports increase, the quantity of
A) foreign currency supplied increases.
B) U.S. dollars supplied decreases.
C) foreign currency demanded increases.
D) foreign currency demanded decreases.
E) U.S. dollars demanded increases.
C
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Why is the budget line negatively sloped?
What will be an ideal response?
The unemployment rate is calculated as
A. the number of unemployed divided by the labor force. B. the rate of inflation minus the rate of employment. C. structural unemployment divided by GDP. D. total productivity divided by frictional unemployment.
When the price level falls from 135 to 120, the aggregate level of GDP supplied falls from $140 billion to $125 billion. This ________ relationship represents the ________ relationship between GDP and the price level
A) negative; short-run B) positive; short-run C) negative; long-run D) positive; long-run
An emission charge is
A. An attempt to change consumers' behavior by direct government intervention. B. A fee imposed on polluters based on the quantity of pollution they generate. C. A subsidy to the consumers who are hurt by pollution. D. A charge on consumers who buy goods made by firms that pollute.