Suppose that country A pegs its currency to that of country B. Now suppose that there is an adverse demand shock in country A. Country B is more likely to cooperate and increase its money supply in response to country A's adverse demand shock when:
A) country B's output is below its preferred level.
B) country B is experiencing high rates of inflation.
C) country B wants country A to devalue its currency.
D) country A is experiencing high rates of inflation.
Ans: A) country B's output is below its preferred level.
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The army is more likely than a business firm to assign a highly-skilled person to a job requiring little skill because the people who assign military personnel
A) are generally guided by the public interest rather than private interest. B) incur little cost from misallocating personnel. C) must consider the welfare of the whole rather than the profitability of the enterprise. D) work for the government, where there is less demand for skilled personnel.
Adults who were not working but who had jobs from which they were temporarily absent are included in the Bureau of Labor Statistics' "employed" category
a. True b. False Indicate whether the statement is true or false