An unsterilized foreign-exchange intervention occurs
A) whenever a central bank purchases or sells domestic currency.
B) whenever a central bank purchases or sells foreign currency.
C) whenever a central bank allows the monetary base to respond to the sale or purchase of domestic currency.
D) whenever a central bank fails to reduce its holdings of gold by the amount of a foreign-exchange purchase.
C
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A discouraged worker might ________
A) be counted as unemployed B) have tried to find a job during the month prior to the household survey, but without success C) have been prevented from working during the week prior to the household survey, due to illness or other temporary circumstances D) be waiting to return to a job from which he or she has been laid off E) none of the above
The generosity of the U.S.'s foreign aid after World War II was:
A. unprecedented. B. over $12 billion to 16 countries in an effort to help them rebuild. C. not entirely altruistic and had strategic political motives as well. D. All of these statements are true.
When taxes increase, consumption
a. decreases as shown by a movement to the left along a given aggregate-demand curve. b. decreases as shown by a shift of the aggregate demand curve to the left. c. increases as shown by a movement to the right along a given aggregate-demand curve. d. increases as shown by a shift of the aggregate demand curve to the right.
Economists assume that people are motivated by
A) a desire to please others. B) the interests of the community at large. C) self-interest. D) morally correct behavior.