Economic variables that generally turn down after a recession begins and turn back up after the recovery starts are called:
A) leading indicators.
B) coincident indicators.
C) lagging indicators.
D) none of the above.
C
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An individual who has stopped looking for a job but has looked in the past and still wants a job is referred to as
A) a contingent worker. B) a productive worker. C) a marginally attached worker. D) an unemployed worker.
Elasticity of demand is another way to measure slope.
Answer the following statement true (T) or false (F)
The first antitrust law in the United States was the
A) FTC Act. B) Clayton Act. C) Sherman Act. D) Robinson-Patman Act.
Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to real GDP and the nominal value of the domestic currency in the context of the Three-Sector-Model?
a. There is not enough information to determine what happens to these two macroeconomic variables. b. Real GDP rises, and nominal value of the domestic currency rises. c. Real GDP rises, and nominal value of the domestic currency falls. d. Real GDP falls, and nominal value of the domestic currency rises. e. Real GDP rises, and nominal value of the domestic currency remains the same.