The productivity growth rates of poorer countries tend to be ____ than those of richer countries.

Which of the following is an example of an automatic stabilizer?

a. Decrease in tax rates by Congress in times of unemployment b. Decrease in tax rates by Congress in times of inflation c. Increase in government defense spending during war d. Increase in unemployment compensation during recession e. Decrease in welfare programs during inflation

If U.S. residents boycotts French goods, this will

A) reduce the demand for euros in the foreign exchange market. B) increase the demand for euros in the foreign exchange market. C) cause the euro to appreciate. D) have no effect on the euro.