Balance of payments surpluses arise whenever the exchange rate is pegged at an artificially low level.

Commodities that typically last three years or more are called:

A) durable goods. B) nondurable goods. C) services. D) none of the above.

Some economists believe that because the government ______________ discouraged workers as unemployed, the unemployment rate is biased ________________

A) counts; upward B) counts; downward C) does not count; upward D) does not count; downward