To prevent frictional unemployment, we would have to
A. make sure that market demand for goods is stable over time.
B. make sure everyone went to college.
C. eliminate the business cycle.
D. prevent people from leaving their jobs before finding another job.
Answer: D
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Changes in relative prices occur when
A) all prices move together. B) all exchange rates move together. C) product prices change at different rates. D) exchange rate appreciation is greater than price appreciation.
Labor standards in trade are typically opposed by most developing countries who believe that they will be used
A) to further neo-imperialist colonial exploitation. B) to charge these countries with crimes against child-labor standards at the Hague. C) as a protectionist tool by import-competing producers in industrial countries. D) as a means of spreading U.S. Corporate Values and destroying local cultures. E) to hinder investment in foreign-based multinational corporations.
Which of the following events occur when fiscal expansion is used without accommodating monetary policy?
A) Total government spending increases (or net taxes decrease). B) Total private induced spending increases. C) Private induced spending decreases. D) A and B are both correct.
The expected value of a random variable is:
a. the measure of its variability. b. the most likely outcome. c. the outcome that will occur on average. d. the relative frequency of a realization.