When people who are willing and able to work cannot find jobs, ________ is said to exist

Fill in the blank(s) with correct word


unemployment

Economics

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If U.S. consumers increase their demand for foreign products and foreign travel, the U.S. dollar would tend to depreciate as more dollars are supplied to foreign exchange markets

Indicate whether the statement is true or false

Economics

If the cross-price elasticity of demand between two goods is negative, then

a. the two goods are complements b. the two goods are substitutes c. as price of one good rises, the quantity demanded of the other good also rises d. one of the goods must be inferior e. the two goods are rarely used together by consumers

Economics

Which of the following functions of money enables society to gain the benefits of geographic and labor specialization?

A. Unit of account B. Store of value C. Medium of exchange D. Medium of deferred payment

Economics

When central bankers are acting preemptively they are:

A. aggressively trying to hit a zero inflation target. B. usually focused on reducing expansionary gaps. C. letting markets work and taking a wait and see approach. D. taking bold steps to stabilize the economy.

Economics