If the quantity supplied of euro were greater than the quantity demanded, then the price of the
A. euro would rise.
B. euro would fall.
C. dollar would fall.
D. euro would be in equilibrium.
Answer: B
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In a small open economy, the real interest rate will always be
A) above the world real interest rate. B) below the world real interest rate. C) equal to the world real interest rate. D) independent of the world real interest rate.
If there are discouraged workers: a. they are included in the official count of the unemployed
b. the unemployment rate will tend to overstate the true level of unemployment. c. the unemployment rate will tend to understate the true level of unemployment. d. they are considered part of the labor force.
If economists wanted to measure the net gain in economic well-being to producers, they would refer to ______.
a. producer surplus b. consumer surplus c. market price d. deadweight loss
Because of automatic stabilizers, when GDP fluctuates the...
What will be an ideal response?