Frictional and structural unemployment both exist
A. when the economy is in long-run equilibrium.
B. only when the economy is in recession.
C. when inflation becomes very high.
D. only when the economy is at the peak of the business cycle.
Answer: A
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If there is currently a shortage of dollars, which of the following would you expect to see in the foreign exchange market?
A) The dollar will appreciate. B) There will be an increase in the supply of dollars. C) There will be an increase in the demand for dollars. D) The dollar will depreciate.
Given the table above, the present value of lifetime resources ________ when the real interest rate rises to five percent
A) falls by $367 B) rises by $200 C) rises by $300 D) falls by $275
University tuitions are normally set at market clearing levels, which is why closed enrollment announcements are necessary
Indicate whether the statement is true or false
If intended investment is $2 billion, and unwanted inventory is $0, then we know that all of the following statements are true except
a. consumption spending is $2 billion b. saving = $2 billion c. actual investment = $2 billion d. the economy is in equilibrium e. national income equals aggregate expenditure