One of the sources of cyclical unemployment is the downward rigidity of wages
a. True
b. False
Indicate whether the statement is true or false
True
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A rightward shift of a demand curve is called a(n):
A. increase in demand. B. decrease in demand. C. increase in quantity demanded. D. decrease in quantity demanded.
When the public expects inflation, real and nominal interest rates will differ because inflation needs to be accounted for in calculating the real return from lending and borrowing.
Answer the following statement true (T) or false (F)
A recession often begins with a(n) ________ in spending by firms on capital goods and a(n) ________ in spending on durable goods by households
A) increase; decrease B) increase; increase C) decrease; increase D) decrease; decrease
Countries that exported a lot of gas or oil would see their exchange rates go up as a result. This in turn could make their manufacturing exports uncompetitive and possibly slow economic growth. This situation can be described as the:
A. resource curse. B. common curse. C. depreciation curse. D. renewable curse.