The upsurge in single parenthood is entirely confined to minorities
Indicate whether the statement is true or false
F
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During a recession:
a. Government spending automatically rises and taxes automatically rise. b. Government spending automatically falls and taxes automatically rise. c. Government spending rises automatically and taxes fall automatically. d. Government spending and taxes do not tend to change. e. None of the above.
The CPI was 120 in 2000 and 132 in 2001. Dorgan borrowed money in 2000 and repaid the loan in 2001. If the nominal interest rate on the loan was 12 percent, then the real interest rate was
a. 2 percent. b. 10 percent. c. 12 percent. d. 22 percent.
Swiss imports of goods and services will create a demand for foreign currency and a supply of Swiss francs.
Answer the following statement true (T) or false (F)
Which of the following will definitely occur when there is an increase in the supply of and decrease in demand for MP3 players?
A. a decrease in equilibrium price B. an increase in equilibrium price C. an increase in equilibrium quantity D. a decrease in equilibrium quantity