Under the current managed float exchange rate regime, countries with ________ in their balance of payments frequently do not want to see their currencies ________ because it makes their goods more expensive abroad and foreign goods cheaper in their

An economy that self-corrects a recessionary gap will experience falling nominal wages, rising real wages, and falling output

a. True b. False Indicate whether the statement is true or false

Economists refer to expenditures on training, education, and skill development designed to increase the productivity of an individual as: a. overhead expenditures

b. investments in human capital. c. marginal revenue product. d. investments in social capital.