Which of the following macroeconomic variables is not procyclical?
A. Business fixed investment
B. Stock prices
C. Unemployment rate
D. Average labor productivity
Answer: C
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In October 2008, Congress passed the ________, under which the Treasury provided funds to banks in exchange for stock
A) Bank Rescue Alliance Treaty (BRAT) B) Mortgage Transfer Agency (MTA) C) Financial Assurance Association (FAA) D) Troubled Asset Relief Program (TARP)
Describe how Mexico's development strategy changed from the 1950s to today and how that changed the production location decisions of firms
What will be an ideal response?
For the coordination failure model to work, it must be the case that the aggregate labor demand curve must be
A) upward sloping and steeper than the labor supply curve. B) upward sloping and flatter than the labor supply curve. C) downward sloping and steeper than the labor supply curve. D) downward sloping and flatter than the labor supply curve.
Real GDP would increase by 3 percent if nominal GDP increased by:
A. 2 percent and inflation increased by 1.5 percent. B. 5 percent and inflation increased by 2 percent. C. 1 percent and inflation increased by 2 percent. D. 6 percent and inflation increased by 2 percent.