Which of the following best describes stagflation?
a. Rising unemployment together with economic growth
b. Deflation coupled with a decline in money supply
c. Deficits coupled with rising unemployment
d. Rising unemployment and high inflation rates
e. Inflation coupled with balance of trade deficits
d
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The equation that represents M2 in the model of the money supply process is
A) M2 = C + D. B) M2 = C + D + T - MMF. C) M2 = C + D - T + MMF. D) M2 = C + D + T + MMF.
Suzi is a British citizen who works for Yankee Candles in Massachusetts. Suzi's work will be included in:
A. U.S. GDP since she's working for a U.S. firm. B. U.S. GDP since she's working for a firm located in the U.S. C. England's GDP since she's a British citizen. D. both the U.S. and England's GDP.
Which of the following statements is true of the impact of trade restrictions on domestic employment?
a. Domestic firms will produce the goods that otherwise would have been produced abroad, thus employing foreign workers instead of domestic workers. b. Beside the protected industry, other industries will also benefit in terms of employment. c. Workers in the protected industry migrate to other industries. d. Restrictions imposed on trade redistribute jobs by creating employment in the protected industry and reducing employment elsewhere. e. Minimum wages for skilled and unskilled labor increase in the domestic country.
In large companies it is often the case that
A) bureaucracy compliments performance. B) profits increase with market share. C) bureaucracy overwhelms performance. D) revenues increase faster than costs.