An increase in net exports reduces aggregate demand.
Answer the following statement true (T) or false (F)
False
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If the real interest rate is 7 percent when the nominal interest is 12 rate is percent, the inflation rate is
A) -5 percent. B) 5 percent. C) 19 percent. D) 1.7 percent. E) 7 percent.
A farm worker gets paid today in money, but plans to spend the money next week. This illustrates which function of money?
A) medium of exchange B) standard of deferred payment C) store of value D) unit of account
A general mismatch between the skills of unemployed workers and the skills needed by employers with job openings results in:
A. frictional unemployment. B. structural unemployment. C. cyclical unemployment. D. a higher labor force participation rate.
A lawyer who agrees to take as compensation a percentage of any judgment or settlement is
A. typically only employed as a defense attorney. B. a contingency attorney. C. violating the legal profession's code of ethics. D. all of the options are correct.