Compared to the United States, over the last three decades unemployment in Western Europe has been ________ and the rate of job creation has been ________.
A. higher; slower
B. higher; faster
C. lower; slower
D. lower; faster
Answer: A
You might also like to view...
Under the aggregate expenditure model, which of the following is always equal to output?
a. aggregate demand b. aggregate expenditure c. income d. investment
The nation of Cranolia used to prohibit international trade, but now trade is allowed, and Cranolia is exporting furniture. Relative to the previous no-trade situation, buyers of furniture in Cranolia are now better off
a. True b. False Indicate whether the statement is true or false
The decrease in the price of gasoline to a national average of less than $2.5 during the summer of 2020 was most likely a result of
A. an increase in supply resulting from higher refinery output along with a decrease in demand in summer driving. B. an increase in demand due to increase in summer driving along with a decrease in supply resulting from reduced refinery output. C. an increase in demand due to reduced summer driving. D. an increase in supply resulting from higher refinery output.
Which of the following increases the real interest rate?
A. a decrease in both the nominal interest rate and the inflation rate by the same percentage points B. a decrease in the nominal interest rate, holding the inflation rate constant C. an increase in both the nominal interest rate and the inflation rate by the same percentage points D. a decrease in the inflation rate, holding the nominal interest rate constant