The structural stagnation hypothesis provides a general explanation for why:
A. demand-side policies have been successful in the economic recovery in 2010-12.
B. the economy is experiencing such a strong recovery.
C. a bubble occurred in the housing market.
D. the economy is experiencing a weak recovery.
Answer: D
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In the labor negotiation game:
a. The payoffs from bargaining hard are only higher if your opponent accommodates b. The payoffs from bargaining hard are only higher if your opponent bargains hard c. The payoffs are always higher if you bargain hard d. The payoffs are always higher if your opponent bargains hard
If the price of good X increases and this causes an increase in the demand for good Y, then goods X and Y are substitute goods
a. True b. False Indicate whether the statement is true or false
Exchange controls in Peru _________
a. reduce quotas b. are illegal c. reduce tariffs d. are designed to float the exchange rate e. will ease the pressure on Peru's foreign exchange reserves if its exchange rate is fixed
Which of the following statements accurately describes the U.S. balance of trade on goods and services?
a. The United States experienced a trade deficit during most years between 1965 and 2017.
b. The United States experienced a trade surplus during most years between 1965 and 2017.
c. The U.S. balance of trade on goods and services was a positive value each year during the 1980s.
d. The U.S. balance of trade on goods and services was a positive value each year during the 1990s.