Public policy can reduce the economy's natural rate of unemployment
a. True
b. False
Indicate whether the statement is true or false
True
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According to the law of supply, if the price of calculators decrease, the supply of calculators will decrease, everything else held constant
a. True b. False Indicate whether the statement is true or false
The value of money is based on
a. the amount of gold backing the money. b. its designation by the government as legal tender. c. the level of interest rates. d. the goods and services that a given amount of money will buy.
An increase in the interest rate __________ purchases of consumer __________
A) increases; durables B) increases; nondurables C) reduces; durables D) reduces; nondurables
The most important single factor in determining the exchange rate in the short run is
A. inflation differentials. B. interest rate differentials. C. monetary growth differentials. D. price differentials.