In the long run, monetary and fiscal policies have no control over
A) the unemployment rate
B) nominal GDP.
C) the inflation rate.
D) the interest rate
A
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In April 2010, the U.S. economy added 290,000 jobs but the unemployment rate still increased from 9.7 percent to 9.9 percent. Which of the following best explains this situation? a. The size of the labor force shrunk
b. The number of unemployed workers also increased, but by a smaller percentage. c. The number of illegal immigrants increased substantially. d. The number of discouraged workers increased substantially. e. The number of unemployed workers also increased, but by an even greater percentage.
The sum of the balances in the current and capital accounts in the balance of payments must equal zero
Indicate whether the statement is true or false
Fiscal policy designed to moderate the severity of a business cycle is known as
a. acceleration b. maintenance c. procyclical d. countercyclical e. discretionary
Without ________, there would have been no legal means for the government to curb even those mergers that most blatantly stifled competition.
A. vertical mergers B. multinationals C. antitrust D. None of the choices are correct.