Economists consider the economy to be at "full employment" when there is no cyclical unemployment.
Answer the following statement true (T) or false (F)
True
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Although it declined in the first quarter of 2009, the United States was still running a trade deficit, which means that the United States would have to
A) increase the money supply. B) decrease the value of its financial account. C) devalue the dollar. D) sell some of its assets to foreigners.
Since 1946 the U.S. economy has been marked by
A. A 32% macro failure rate. B. A 46% macro failure rate. C. Less stability due to the discretionary policies of the government. D. Greater stability due to a hands-off policy by the government.
______________ goods satisfy wants directly, whereas ___________ goods do so indirectly.
a. Capital; consumer b. Consumer; capital c. Future; capital d. Demand; supply e. Present; future
For this question, assume that policy makers are pursuing a fixed exchange rate regime. Now suppose that an increase in stock market wealth causes an increase in consumption. Which of the following will tend to occur in a fixed exchange rate regime?
A) an increase in Y B) an increase in the money supply C) no change in the domestic interest rate D) all of the above