In the short run, movements in exchange rates are caused largely by economic fluctuations
a. True
b. False
A
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If an activity has an external benefit, such as education, a tax on that activity can lead to the efficient level of output being produced
Indicate whether the statement is true or false
Which of the following would reduce the natural rate of unemployment?
a. both an increase in the rate of money growth and increased unemployment compensation b. an increase in the rate of money growth but not increased unemployment compensation c. an increase in unemployment compensation but not an increase in the rate of money growth. d. neither an increase in unemployment compensation nor an increase in the rate of money growth.
Economists have found that firms are
A) less likely to change prices as a result of shocks to the aggregate economy than shocks limited to the firm's particular sector. B) more likely to change prices as a result of shocks to the aggregate economy than shocks limited to the firm's particular sector. C) equally likely to change prices as a result of shocks to the aggregate economy as they are shocks limited to the firm's particular sector. D) unlikely to change prices as a result of both shocks to the aggregate economy and shocks limited to the firm's particular sector.
Nearly _____________ of the world's people have never made a phone call.
Fill in the blank(s) with the appropriate word(s).