In a country with floating exchange rates, the increase in the real income is the result of a(n) ________ in the money stock when capital mobility is ________
A) increase; high or low
B) decrease; high or low
C) increase; high
D) decrease; low
A
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The recent trend internationally has been for the executive and legislative branches of elected governments to get more control over monetary policy, as has been the case in countries such as the United States
Indicate whether the statement is true or false
In the long run,
a. output, once determined, cannot be changed b. price, once determined, cannot be changed c. land and capital cannot be changed d. all inputs are variable, that is, the quantities of all inputs can be changed e. labor can be changed, but all other inputs are fixed
What measure of GDP shows the value of goods and services produced if we valued these good and services at the prices that prevailed in some specific year in the past?
One way for governments to try and minimize the effects of structural unemployment is to:
A. subsidize retraining programs for unemployed workers to learn new skills. B. provide information to unemployed people about which professions are experiencing rising demand for labor. C. offer low-interest loans to unemployed workers to go back to school to learn new skills. D. All of these are ways the government can deal with structural unemployment.