If interest rates rise in the United States relative to those in the rest of the world, the exchange value of the dollar will tend to appreciate
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Figure 4-15. The price buyers pay after the tax is
A) $7. B) $20. C) $22. D) $27.
In some years government receives less in Social Security taxes than it pays out in Social Security benefits, in which case it makes up the difference by drawing from its trust fund
Indicate whether the statement is true or false
Frictional unemployment is a part of the unemployment rate that refers to those workers who are: a. moving between jobs
b. no longer looking for a job because they are discouraged about their prospects. c. jobless due to the seasonal nature of their jobs. d. jobless due to a recession in the economy.
If an unanticipated decrease in aggregate demand results in an output below the economy's long-run capacity, long-run equilibrium will eventually be restored by
a. an increase in the rate of inflation. b. lower resource prices and lower real interest rates. c. higher resource prices and higher real interest rates. d. a decrease in the natural rate of unemployment.