A U.S. tariff on oil would reduce the domestic quantity of oil supplied.
Answer the following statement true (T) or false (F)
False
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Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessness?
A) inflation B) unemployed persons falsely report themselves to be actively looking for a job C) discouraged workers D) people employed in the underground economy
In the long run, the Federal Reserve can control which of the following?
A) the unemployment rate B) the growth rate of real GDP in the economy C) the inflation rate D) the natural rate of unemployment
According to the theory of rational expectations, the government can influence output
A. with appropriate fiscal and monetary policy. B. in the short run, but not in the long run. C. without affecting the price level. D. only by making unexpected changes in aggregate demand.
The Trade Adjustment Assistance Act is focused mainly on assisting:
A. U.S. firms to establish export markets around the world B. Other nations to become familiar with, and adjust to, U.S. products C. Workers displaced by imports or plant relocations abroad D. Businesses who wish to globalize and compete in the world market