The amount of unemployment varies little over time and across countries
a. True
b. False
Indicate whether the statement is true or false
False
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If the budget deficit increases then
a. saving and the interest rate rise. b. saving rises and the interest rate falls. c. saving falls and the interest rate rises. d. saving and the interest rate fall.
When a country imposes capital controls, it is controlling the
A) amount of money flowing in or out of the country. B) amount of reserves that banks must hold. C) portion of bank deposits that must be held at its central bank. D) portion of bank deposits that must be used for loans to the government.
According the Lucas' misperception model, when prices unexpectedly rise, suppliers infer that their relative prices have _____, which induces them to _____ output
a. decreased; increase. b. increased; decrese. c. decreased; decrease. d. increased; increase.
Unlike the revolutionary colonials, England had
(a) an organized army and navy. (b) an abundance of resources. (c) the means to finance the war. (d) all of the above.