Some economists believe that the behavior of unemployment in Europe and in the United States during the 1980s and 1990s
A) was the same because both markets experienced adverse labor market shocks.
B) differed because the real wage in Europe was rigid.
C) was the same because the real wage in Europe and the United States moved together.
D) differed because the United States experienced adverse labor market shocks but Europe did not.
B
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Stock prices fell throughout much of 2007 and 2008 and many investors decided to switch their funds into the bond market. What only about 30 percent of surveyed investors knew was that as bond prices rise, interest rates
A. fall in reaction to the increased demand for bonds. B. fall in reaction to the decreased demand for bonds. C. rise in reaction to the increased demand for bonds. D. rise in reaction to the decreased demand for bonds.
The real value of money:
A. is another word for the face value. B. reflects the purchasing power of money. C. matters less to people than its nominal value. D. is the same as its nominal value.
Which of the following is a characteristic of a monopolistically competitive market?I. Each firm is a price-taker.II.Firms sell slightly differentiated products.III.Each firm faces a downward-sloping demand curve.
A. I only B. I and II only C. II and III only D. I, II, and III
Population growth generally
What will be an ideal response?