Which of the following is a result of unemployment that is very low?
a. the few people who are unemployed stop looking for jobs
b. wages drop below the level of minimum wage
c. companies have difficulties recruiting workers
d. companies stop looking for people to fill unfilled jobs
Answer: c. companies have difficulties recruiting workers
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The Ricardo-Barro effect argues that the crowding-out effect
A) is the result of the government budget deficit and higher interest rates. B) will occur, because the private saving supply will change to offset any change in the government budget deficit. C) is stronger when the government runs a budget surplus than when it runs a budget deficit. D) is the result of a government budget surplus and higher interest rates. E) will not occur, because the private saving supply will change to offset any change in the government budget deficit.
The supply of domestic assets ________
A) is insensitive to changes in the nominal exchange rate B) rises when the nominal exchange rate rises C) falls when the nominal exchange rate rises D) equals the value of exports minus the value of imports