During the recessions of the early 1980s and of 2007–2009, the unemployment rate in the United States:
a. increased significantly
b. decreased to almost zero.
c. became negative.
d. remained constant.
a
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If the exchange rate rises, the quantity of dollars demanded
A) increases and there is movement down along the demand curve for dollars. B) decreases and there is movement down along the demand curve for dollars. C) decreases and there is movement up along the demand curve for dollars. D) increases and there is movement up along the demand curve for dollars. E) does not change.
Refer to Figure 24-1. Ceteris paribus, a decrease in the value of the domestic currency relative to foreign currencies would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.
In the circular flow diagram, firms get their ability to pay for the costs of production from the
What will be an ideal response?
If government spending and the price level increase, then
A) the interest rate increases, consumption declines, and investment spending declines. B) the interest rate decreases, consumption declines, and investment spending declines. C) the interest rate increases, consumption increases, and investment spending increases. D) the interest rate decreases, consumption increases, and investment spending increases.