A supply of foreign exchange occurs in the United States when
a. a U.S. citizen wants sells stock on a European stock exchange.
b. the United States exports steel to Japan.
c. United States citizens travel abroad.
d. All of the above
D
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The percentage of total national income spent on health care in the United States has
A) declined rapidly since 1965. B) remained below the level of inflation. C) risen steadily since 1965. D) remained constant over the last few years.
Net exports
a. are the second largest component of total spending b. are already included in measures on consumption, investment, and government spending c. are a source of total spending on U.S. output d. are always positive; i.e., total exports always exceed total imports e. are always positive; i.e., total imports always exceed total exports
The unemployment rate measures the percentage of people in the labor force who can't find a job
Indicate whether the statement is true or false
With respect to the classical labor market analysis, it is not assumed that
a. firms have complete information with respect to relevant prices. b. workers negotiate for unique wages individually. c. money wages adjust with a short lag. d. All of the above e. None of the above