Which of the following statements is true?
A. The war theory of the business cycle is endogenous.
B. The second part of the expansion phase of the cycle is prosperity.
C. We have business cycles of different lengths but the same amplitudes.
B. The second part of the expansion phase of the cycle is prosperity.
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Jordan recently quit her job as a marketing consultant in Washington, D.C. and is looking for a better-paying job with an advertising agency in New York. Jordan is considered to be
A) cyclically unemployed. B) structurally unemployed. C) not in the labor force. D) frictionally unemployed. E) a discouraged worker.
The ________ is the most popular dominant currency that countries fix their currency against
A) Swiss franc B) U.S. Dollar C) SDR D) Euro
Which of the following would cause a firm’s demand curve for labor to shift?
A. The price of a firm’s output changes. B. The wage rate changes. C. The number of available workers changes. D. The wages paid by rival firms change.
In the circular flow diagram, saving
A. is a leakage and investment is an injection. B. and investment are both injections. C. is an injection and investment is a leakage. D. and investment are both leakages.