Which of the following macroeconomic variables is procyclical and lags the business cycle?
A) Business fixed investment
B) Employment
C) Stock prices
D) Nominal interest rates
D
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When Americans decrease their demand for Japanese goods,
A) the supply of dollars will rise, and the demand for yen will rise. B) the demand for dollars will rise, and the demand for yen will rise. C) the supply of dollars will fall, and the demand for yen will fall. D) the demand for dollars will fall, and the demand for yen will rise.
The bond demand curve is ________ sloping, indicating a(n) ________ relationship between the price and quantity demanded of bonds, everything else equal
A) downward; inverse B) downward; direct C) upward; inverse D) upward; direct
In the United States, the observed Phillips curve is
A) unstable over time. B) stable over time. C) never discernible. D) not a curve, but a straight line.
Assume a farmer has the ability to produce corn and/or beans. Whenever the farmer spends 1 hour less producing corn and 1 hour more producing beans, he reduces his output of corn by 2 bushels and raises his output of beans by 3 bushels. In view of these assumptions, the farmer's production possibilities frontier is bowed out
a. True b. False Indicate whether the statement is true or false