In the global recession of 2007-2009, world trade declined because nations closed their markets to trading partners
Indicate whether the statement is true or false
FALSE
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Monetarists such as Milton Friedman blame the Great Depression primarily (although not completely) on ___
a. the stock market crash. b. the Bank Holiday. c. the decline in investment spending. d. the waves of bank failures.
Why is it impossible for the unemployment rate to be zero?
a. There will never be more jobs than workers in an economy. b. There will always be people who quit or are fired. c. There will always be some form of inflation occurring. d. There will never be more workers than jobs in an economy.
Related to the Economics in Practice on p. 630: The emigration of Jewish scientists from Germany to the United States in the late 1930s and early 1940s may have increased patent rates in their fields of chemistry by
A. up to 5%. B. 15%. C. more than 30%. D. over 100%.
Figure 36-5
?
Which of the graphs in Figure 36-5 are consistent with an appreciation of the U.S. dollar caused by an increase in U.S. interest rates?
A. 1 B. 2 C. 3 D. 4