Gold is a major reserve asset that is currently used in most official reserve transactions.
Answer the following statement true (T) or false (F)
False
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The poverty line is updated each year for rising prices but not for increasing standards of living
Indicate whether the statement is true or false
Which of the following statements presents inaccurate information about the early U.S. labor movement?
a. Courts in the early 19th century often found unions guilty of conspiracy. b. Unskilled factory workers were the primary beneficiaries of early labor gains. c. In the 1820s and 1830s, small craft societies began to coalesce to form larger unions. d. Early unions experimented with collective bargaining, strikes and closed shops.
According to the expenditures approach, gross domestic product represents the sum of consumption spending, government spending, net exports, and net investment
a. True b. False Indicate whether the statement is true or false
Purchasing-power parity plays a major role in long-run exchange rate movements.
Answer the following statement true (T) or false (F)