An economic boom in America should increase the
a. demand for U.S. dollars.
b. demand for U.S. goods and services.
c. demand for foreign currencies.
d. supply of foreign currencies.
c
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The negative supply shock of 2007, compared to the shocks in 1973 & 1979, involved ________
A) a larger decrease in aggregate demand B) larger decreases in the real interest rate C) smaller decreases in aggregate supply D) larger increases in the real interest rate
Macroeconomic equilibrium is always good, because:
a. It gives the nation a breather and allows it to catch up with itself economically. b. Because it is the only place where actual demand equals actual supply. c. Because it is the only place where planned demand equals planned supply. d. Actually, macroeconomic equilibrium can be either good or bad. It is not always good. e. All of the above.
According to the Phillips curve, policymakers can reduce both inflation and unemployment by increasing the money supply
a. True b. False Indicate whether the statement is true or false
If labor productivity increases
A) labor costs rise by equal increments. B) the demand for labor increases. C) some workers will be laid off. D) jobs will relocate.