Smog is the most visible form of air pollution and around 15% of smog comes from manufacturing industries

Suppose the country of Quasiland experienced a decrease in real GDP and people were laid off from their jobs. The people would be considered part of

A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) discouraged workers.

Maintaining a fixed exchange rate over the long run is today

A) virtually impossible. B) more vulnerable to speculative attacks than in the past. C) preferable. D) possible only in special cases such as maintaining strict capital controls. E) aided by technology which allows instant movement of money between financial markets in different countries.