In the long run, the number of jobs in country is primarily determined by macroeconomic factors, not international trade

Indicate whether the statement is true or false

TRUE

Economics

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When the small home nation imposes a tariff of $10, the domestic price:

a. rises by more than $10. b. rises by $10. c. rises by less than $10. d. does not change.

Economics

If an increase in investment spending of $20 million results in a $200 million increase in equilibrium real GDP, then

A) the multiplier is 0.1. B) the multiplier is 1. C) the multiplier is 10. D) the multiplier is 100.

Economics