In which of the following countries did unemployment rate fall between 2009 and 2011?
A. Ireland
B. Italy
C. Spain
D. Germany
Answer: D
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If Toby buys two goods and the prices of both goods increase by 50%
A) the budget constraint will be unchanged. B) the slope of the budget constraint stay the same. C) the slope of the budget constraint will decrease. D) the budget constraint will shift outward in a parallel fashion.
Tax cuts
a. can easily target investment spending, but investment spending falls by only a small percentage during recessions. b. can easily target investment spending, which falls by a large percentage during recessions. c. cannot easily target investment spending, but investment spending falls by only a small percentage during recessions. d. cannot easily target investment spending, which falls by a large percentage during recessions.
Americans worked less than _____ hours in the year 2008, while German laborers worked less than _____ hours.
Fill in the blank(s) with the appropriate word(s).
During the Great Recession, RGDP fell ______, but during the Great Depression it fell ______.
a. 4%; 27% b. 27%; 4% c. 50%; 90% d. 90%; 50%