Macroeconomic Issues and Analysis

A. visible trade balance
B. balance of trade
C. balance of payments on current account
D. balance of payments.

A. free-trade
B. autarkic
C. open
D. mixed

A. rise, fall
B. rise; rise
C. fall; fall
D. fall; rise

A. fiscal policies
B. incomes policies
C. supply-side policies
D. monetary policies

A. real balance effect
B. menu costs of inflation
C. money illusion.
D. cost-push inflation.

A. ratio of the frictional unemployment rate to the cyclical unemployment rate.
B. Sum of structural unemployment and cyclical unemployment.
C. Sum of frictional unemployment and cyclical unemployment
D. sum of frictional unemployment and structural unemployment.

A. regional
B. technological
C. structural
D. demand-deficient

A. natural
B. frictional
C. disequilibrium
D. structural

A. the household and government sectors
B. the household sector.
C. all sectors of except the rest of the world
D. all sectors of the economy including the rest of the world.

A. not change the unemployment rate
B. decrease the unemployment rate
C. increase the unemployment rate
D. have an indeterminate impact on the unemployment rate