Historically, as recessions have ended the unemployment rate declined
a. gradually to near zero.
b. rapidly to near zero.
c. gradually to a rate of about 5%-6%.
d. rapidly to a rate of about 5%-6%.
c
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Refer to Figure 9-4. Suppose the government allows imports of leather footwear into the United States. What will be the quantity demanded?
A) Q0 B) Q1 C) Q2 D) Q2 - Q0
With flexible exchange rates, central banks do not have to finance deficits because BOP equilibrium is restored by changes in exchange rates
Indicate whether the statement is true or false
In economics
A) both resources and wants are limited. B) both resources and wants are unlimited. C) resources are limited but wants are unlimited. D) resources are unlimited but wants are limited.
Which country has the highest level of income inequality?
a. Brazil b. Russia c. China d. India