The recessions associated with the business cycle come at regular intervals
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following could be a direct cause of investment spending decreasing?
A. Real income increases. B. Real interest rates increase. C. A firms revenues increases while their costs remain constant. D. Expected future income increases.
Minimum wages are the predominant reason for unemployment in the U.S. economy
a. True b. False Indicate whether the statement is true or false
Arthur is an unskilled worker who is currently unemployed. He has been offered a job that pays $40 a day, but he is currently receiving unemployment insurance benefits equal to $50 a day, so he chooses not to accept the job and to continue looking for a better job. Arthur is ________ unemployed.
A. frictionally B. cyclically C. not D. structurally
India's decision in late 2016 to withdraw from circulation all existing 500- and 1,000- rupee paper currency, to stop accepting the old currency, and to stop exchanging it for new currency was an attempt by policymakers to
A) eliminate all currency from the economy. B) increase the size of the underground economy. C) reduce corruption. D) end hyperinflation.