In the Long Boom Period in the U

question 65

Multiple Choice

In the long boom period in the U.S., there have been ______recessions.

• A)0
• B)3
• C)4
• D)6

Evaluate the consequences of fiscal policy changes on government deficit, net capital outflow, and the economy.

Determine the effect of changes in fiscal policy on the market for loanable funds and foreign exchange market.

Understand the impact of changes in perceived asset risks on the loanable funds market and exchange rates.

Analyze how savings rates affect the supply of loanable funds, interest rates, exchange rates, and net exports.

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Definitions:

Wages

The fixed regular payments, typically paid on a daily or weekly basis, made by an employer to an employee, especially to manual or unskilled workers.

Employer Prejudice

Biases or preconceived notions held by employers that affect their decisions regarding hiring, promotion, and other employment practices.

Nonpreferred Workers

Individuals in the labor market who may be discriminated against or considered less desirable for employment due to various factors like age, race, gender, or disability.

Wage Rate

The amount of money paid to an employee per unit of time, such as an hour or a month.