International data supports the quantity theory of money conclusion that high money growth rates are associated with inflation

Figure 17-13

In , the world price of a baseball is $3. With free trade, how many baseballs will the United States import?
a.
4,000
b.
6,000
c.
8,000
d.
10,000
e.
12,000

Underemployment occurs when workers

a. are not employed. b. are working at jobs that do not require their full skill or productivity. c. work part-time although they want to work full-time. d. are working at jobs that do not require their full skill or productivity AND work part-time although they want to work full-time.