The short run sequence of events following an unanticipated shift to a more expansionary monetary policy would be lower interest rates followed by dollar
a. depreciation, and an increase in the current account deficit.
b. depreciation, and a decrease in the current account deficit.
c. appreciation, and an increase in the current account deficit.
d. appreciation, and a decrease in the current account deficit.
B
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Job search is defined as
A) equivalent to job rationing. B) being paid an efficiency wage. C) the activity of looking for an acceptable, vacant job. D) attending school to increase your employability. E) saying you are looking for a job when you are actually not looking.
Local governments receive around _____ of their total revenue from intergovernmental transfers
a. fifteen percent b. twenty-five percent c. thirty-five percent d. forty-five percent
Job losers typically account for ____ of the unemployed
a. 80 to 90 percent b. 50 to 60 percent c. 30 to 40 percent d. 10 to 20 percent
If economic profit is zero, a firm
A. earns a negative rate of return. B. earns a positive but below normal rate of return. C. will leave the industry. D. earns exactly a normal rate of return.