Unemployment is good from a social point of view because
A) it keeps wages in check.
B) it allows for better matches between workers and firms.
C) it provides free time.
D) it keeps the least efficient workers out.
B
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The term net exports refers to:
a. the situation in which a country's exports exceed its imports. b. the situation in which a country's imports exceed its exports. c. the shortages that result when a country imposes a price ceiling. d. the shortages that result when a country imposes a price floor. e. the difference between the value of exports and the value of imports.
Figure 5-2
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In Figure 5-2, if the aggregate demand curve shifts outward over time, the economy will
A. experience inflation. B. see a sustained decrease in the price level. C. experience a significant decrease in unemployment. D. experience economic recession.
Most economists agree that a well-designed central bank would:
A. be independent of political pressure. B. make its policy actions difficult to interpret. C. be run by one key policy maker. D. be accountable only to other banks.
Dividends are paid by firms to shareholders.
Answer the following statement true (T) or false (F)