Excessive unemployment benefits and government overregulation are part of the ________ hypothesis of why a nation's ________ unemployment rate can be high
A) hysteresis, cyclical
B) hysteresis, natural
C) structuralist, cyclical
D) structuralist, natural
D
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A firm that is the only firm in the industry may not behave like a monopolist in order to deter entry of other firms. ?
Answer the following statement true (T) or false (F)
The trade deficits of the 1980s and 1990s reflects American desire for foreign
a. assets and foreign desire for American goods and services. b. goods and services and foreign assets. c. goods and services and foreign desire for American assets. d. assets now and foreign goods and services in the future.
The equation of exchange states that:?
?a) government spending = taxes plus the federal budget deficit. ?b) the reciprocal of the reserve requirement = the deposit expansion multiplier. ?c) the money supply times the velocity of money = the price level times the quantity of goods and services produced. ?d) the price level times the velocity of money = the money supply times the quantity of goods and services produced.
Foreign exchange rates are
A. price at which purchases and sales of foreign goods take place. B. movement of goods and services from one country to another. C. the price of one currency in terms of a second currency. D. differences between exports and imports.