For a country with a floating exchange rate and, initially, an overall payments balance of zero, if the country implements expansionary monetary policy, the LM curve will shift to the ________ which will lead to the country's currency to
A. right; appreciate.
B. left; depreciate.
C. left; appreciate.
D. right; depreciate.
Answer: D
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If 160 million people are employed, 15 million people are unemployed, and the population is 280 million people, the unemployment rate is
A) 57 percent. B) 62.5 percent. C) 8.6 percent. D) 9.4 percent. E) not possible to calculate without data on the labor force.
During a recession, higher welfare outlays:
a. increase the size of the budget deficit even if the government does not undertake discretionary fiscal policy. b. decrease the size of the budget deficit regardless of the government's discretionary fiscal policy c. increase the size of the budget deficit only if the government undertakes discretionary fiscal policy. d. decrease the size of the budget deficit only if the government undertakes discretionary fiscal policy. e. have the same effect on the budget deficit as they do in times of expansion.
Over the air television signals are ____________ ; television signals available through cable are
a. Public goods, public goods b. Public goods, common property resources c. Private goods, private goods d. Common property resource, private goods
A good synonym for elasticity would be:
A. change. B. demand. C. responsiveness. D. stickiness.