If consumption spending is larger than disposable income,
A. saving is positive.
B. dissaving occurs.
C. saving is exactly zero.
D. a depression results.
Answer: B
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France has a higher natural rate of unemployment than the United States. This suggests that
a. France is at a higher point on its long-run Phillips curve and so has higher inflation than the United States. b. France is at a lower point on its long-run Phillips curve and so has lower inflation than the United States. c. France's Phillips curve is to the left of that of the United States, possibly because they have higher inflation. d. France's Phillips curve is to the right of that of the United States, possibly because they have more generous unemployment compensation.
If it takes $1 to buy 100 yen, then the exchange rate ______.
a. is 100 yen per $1 from the U.S. perspective and is $1 per 100 yen from the Japanese perspective b. is $100 per 1 yen from the Japanese perspective and is $1 per 100 yen from the U.S. perspective c. is $1 per 100 yen from the U.S. perspective and is 1 yen per $0.01 from the Japanese perspective d. is $1 per 100 yen from the Japanese perspective and 100 yen per $1 from the U.S. perspective
The performance-evaluation system under which an employee enumerates his/her accomplishments, points out strengths, and discusses weaknesses with the higher management is commonly referred to as:
A. reneging. B. self-evaluation. C. productivity evaluation. D. output evaluation.
When the value of the dollar decreases, the net effect on the economy
A. will be decrease in short-run aggregate supply and an increase in aggregate demand. B. will be an increase in short-run aggregate supply and a decrease in aggregate demand. C. will be an increase in both aggregate demand and aggregate supply. D. will be a decrease in both aggregate demand and aggregate supply.