The predominant source of multilateral aid is:
a. the European Community.
b. the United Nations.
c. the Agency for International Development.
d. the World Bank.
e. the British government.
d
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The unemployment of some groups, such as low-skill workers, may increase as a result of the imposition of a minimum wage.
Answer the following statement true (T) or false (F)
When he was chairman of the Fed, Paul Volcker faced an economy with significant stagflation which was a result of oil shocks. Volcker was determined to bring the inflation rate down, which essentially acted like a decrease in the inflation target
In this sense, Volcker's action caused ________ and caused inflation to decrease and ________. A) the AD curve to shift to the left; real GDP to increase. B) the AD curve to shift to the left; real GDP to decrease. C) the AS curve to shift to the right; real GDP to increase. D) the AS curve to shift to the right; real GDP to decrease.
A theory is a perfect description of reality
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. Economists agree that setting a minimum wage causes some unemployment. 2. Private-sector unions are the main cause of unemployment in the United States. 3. Unemployment insurance is thought to increase the rate of unemployment. 4. Technological advances generally reduce unemployment in the short term. 5. The prices of some goods and services can fall during inflation.