The absolute income gap between the IACs and the DVCs has:
A. remained constant over time.
B. increased over time.
C. decreased over time.
D. increased in nominal terms but decreased in real terms.
B. increased over time.
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Why can exchange rates be very volatile?
What will be an ideal response?
Assume a new technology further reduces the cost of producing calculators. Also assume that consumers have cut back on their scheduled purchases in anticipation of even more cost-saving developments. As a result, we can expect
a. a decrease in price but no predictable change in output. b. a decrease in output but no predictable change in price. c. an increase in output but no predictable change in price. d. a predictable decrease in both output and price.
Which of the following statements is TRUE about the seasonally adjusted unemployment rate?
A. The seasonally adjusted unemployment rate shows how the unemployment rate fluctuates with the various seasons. B. The seasonally adjusted unemployment rate is the rate computed for Fall, Spring, Summer and Winter. C. The seasonally adjusted unemployment rate is the same as the natural rate of unemployment. D. The seasonally adjusted unemployment rate is the sum of the frictional unemployment rate, structural unemployment rate, and cyclical unemployment rate.
The government transfer program makes the distribution of income more equal.
Answer the following statement true (T) or false (F)