Which of the following is a positive statement?
a. An unemployment rate of 7 percent or higher is a national disgrace.
b. Unemployment is a less important problem than inflation.
c. When the national unemployment rate is 7 percent, the unemployment rate for inner-city youth is often close to 40 percent.
d. Unemployment and inflation are equally important problems.
e. An inflation rate of 7 percent is too high.
C
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If actual experience supports two competing theories, then both theories are proven to be true
Indicate whether the statement is true or false
In using exchange controls, a nation attempts to eliminate a balance of payments deficit by:
A. Limiting its imports to the dollar value of its exports B. Decreasing the nation's domestic price level C. Limiting its exports to the dollar value of its imports D. Appreciating the value of its currency