The amount by which an aggregate expenditures schedule must shift upward to achieve the full-employment real GDP is a(n)

Since the passage of the International Banking Act of 1978, the competitive advantage enjoyed by foreign banks in the U.S. has been

A) reduced. B) mildly expanded. C) completely eliminated. D) greatly expanded.

With regional specialization, a nation is bound to suffer some mismatch unemployment. For example, in the early 1990s the highest regional unemployment rate was in

A) California. B) the South. C) the Midwest. D) none of the above because the unemployment rate as essentially equal in all regions.