Which of the following are equivalent terms?
a. The absence of structural unemployment and the absence of cyclical unemployment
b. Normal employment and the absence of structural unemployment
c. Full employment and the absence of cyclical unemployment
d. Normal employment and the absence of frictional unemployment
e. Null employment and the absence of frictional unemployment.
C
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In the foreign exchange market, an increase in the exchange rate leads to
A) an increase in the quantity of dollars demanded and no movement along the demand curve for dollars. B) an increase the quantity of dollars supplied and a movement along the supply curve of dollars. C) an increase the quantity of dollars supplied and no movement along the supply curve of dollars. D) a decrease the quantity of dollars supplied and a movement along the supply curve of dollars. E) an increase in the quantity of dollars demanded and a movement along the demand curve for dollars.
Liquidity can
A) not be created. B) be created by borrowing short and lending long. C) only be created by the government. D) be created by borrowing long and lending short.