When an unemployed person drops out of the labor? force, the unemployment rate
What will be an ideal response?
understates the true degree of joblessness in the economy.
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Under a flexible exchange rate system, exchange rates are determined by free markets
Indicate whether the statement is true or false
What is one of the major welfare challenges today and how is it being tackled in the United States?
What will be an ideal response?
A country's balance of payments shows a
A) detailed record of the import and export of services for the country. B) detailed record of the country's imports. C) summary record of international financial assistance received by the country. D) summary record of a country's economic transactions with foreign residents and governments over a year.
Which of the following contributed to the soaring housing prices during 2002-2005?
a. the Fed's low-interest rate policy b. regulations that reduced the required down payment and other lending standards for home mortgages c. the increased leverage lending by Fannie Mae, Freddie Mac, and large investment banks d. all of the above